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.
Effective retirement age above target
Finns continue to extend their working lives. Last year, the average effective retirement age was 62.8 years. At the same time, the number of new pensioners fell significantly.
Pension-insured earnings of employees more than twice as high as the insured incomes of the self-employed
In 2022, the median monthly earnings of employees were 3,000 euros. For the self-employed and farmers, the median monthly insured incomes were 1,350 euros. The largest earnings were received by those in the age group 45–49 years.
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.