The average monthly pension in 2017 in Finland was 1,656 euros, which is 20 euros more than in 2016. The median pension was 1,434 euros per month, or 30 euros more than in 2016.
Men got an average monthly pension of 1,874 euros and women 1,476 euros.
Nearly 40 per cent of the retirees got a pension that was less than 1,250 euros per month. Two thirds of them were women. Around 7 per cent got a pension that was higher than 3,000 euros per month. A clear majority of them were men.
“The dispersion in women’s pensions is clearly smaller than in men’s. Women’s pensions are located mainly at the lower end of the distribution while men’s pensions are found throughout the pension spectrum,” explains Tiina Palotie-Heino, Statistics Manager at the Finnish Centre for Pensions.
The data is per year-end 2017 and based on joint statistics of the Finnish Centre for Pensions and Kela. The pension income are in gross amounts.
The pension expenditure in Finland in 2017 was 30.6 billion euros, of which 27 billion euros were earnings-related pensions and 2.4 billion Kela pensions.
What does the average pension depict?
- The average monthly pension of people living in Finland who receive an earnings-related or a national pension.
- The review excludes persons who get a part-time pension, a partial old-age pension or only a survivors’ pension.