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 in 2022: 1,845 euros
The average monthly pension of Finns was 1,845 euros in 2022. The median monthly pension was 1,614 euros. Every third person in Finland who has turned 16 years received a pension.
Musculoskeletal diseases the main cause of retirement on a disability pension in 2022
The number of new disability pensions granted due to musculoskeletal diseases grew by nearly 10 per cent in 2022. A growing share of new pensioners on a disability pension are 60 years or over.
Effective retirement age dipped as expected
In 2022, Finns retired on an earnings-related pension a couple of months earlier than in 2021. The average effective retirement age was 62.2 years. The dip was due to the large amount of new pensioners on an old-age pension.
The well-off found the partial old-age pension in 2022
Last year, nearly 35,000 persons drew the partial old-age pension for the first time. This is more than ever before. A substantial number of well-off people chose to start drawing a partial old-age pension last year. As a rule, the pension is drawn at a 50-per-cent level, which translates into an average of 830 euros per month.
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.