The Finnish Centre for Pensions produces versatile statistics that describe the Finnish pension system. The statistics include information on pension recipients, persons insured under the earnings-related pension acts, pension expenditure, effective retirement ages, rehabilitation under the earnings-related pension scheme and the financing of earnings-related pensions.
We produce Official Statistics of Finland in the area of Social Protection.
Average monthly pension in Finland 1,762 euros
The average monthly pension in 2020 in Finland was 1,762 euros, nearly 50 euros more than in 2019. The median pension was 1,534 euros per month, nearly 40 euros more than in 2019.
No peak in partial old-age pensions in the year of the Corona pandemic
The number of new partial old-age pensions grew only slightly in 2020. At the end of the year, a total of 29,000 persons were drawing a partial old-age pension. One third of them have reduced working.
Effective retirement age rose briskly
In 2020, Finns retired on an earnings-related pension five months later than in 2019, at 61.9 years on average. A total of 42,000 persons retired on an old-age pension, which is slightly fewer than in 2019.