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.
Unusual index increase led to a flood of pension claims
The number of pension claims soared at the end of 2022 as tens of thousands of Finns claimed the partial old-age pension. Exceptionally, the increase in the earnings-related pension index was clearly higher than the increase in the wage coefficient. It encouraged people to claim the pension already in 2022.
Young people’s access to the labour market normalised in the second corona year
In 2021, a total of 95,000 persons began their work insured under the earnings-related pension acts for the first time. That was a 25-per-cent increase compared to 2020 and nearly at a pre-corona level.
Highest effective retirement age in Sweden - Finland among the top three
Sweden, Finland and Denmark stand out with the highest effective retirement ages in a comparison of the Nordic countries and Estonia. Although Finns have postponed retirement markedly in the 2010s, they still exit the labour market at the youngest age.