The assets of the Finnish earnings-related pension system shrunk by 16 billion euros in 2022. Investment losses counted for the main part of the loss. Insurance contribution income increased by nearly two billion euros.
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.
In recent years, retirement ages have been raised in Finland and Estonia and many other countries. However, in France, the attempts to raise retirement ages have met opposition. Raising retirement ages and the resulting effects are discussed at the webinar of the Finnish Centre for Pensions on Monday 27 March 2023 at 14.30–16.00 (EEST)/ 13.30–15.00 (CEST). The webinar is in English.
A two-page booklet offering key facts of earnings-related pensions for employees and the self-employed are now available online and printable as pdf files. The figures are in 2023 prices.
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.
Each year, the Finnish Centre for Pensions grants a Pro Gradu Award to a distinguished Master’s thesis. Might your thesis be the next winner of the 2,000 euro award? Apply by 19 March 2023.
The Finnish Centre for Pensions granted a record number of A1 certificates of coverage under Finnish social security in 2022. The volumes returned to the growth trajectory that preceded the corona years.
A recent study by the Finnish Centre for Pensions shows that retirement has been deferred clearly, particularly in the private sector. Working after age 63 has also increased significantly, again particularly in the private sector. The gradual increase of the retirement age was agreed on in connection with the 2017 pension reform. The new study …
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. The average monthly earnings of Finnish employees in 2021 was 3,200 euros according to earnings statistics of the Finnish Centre for Pensions
As the A1 certificate may be needed also for short periods of work abroad, the Finnish Centre for Pensions advices employers to apply for it also when sending their employees abroad to work for a short period of time. The underlying reason for this is that working abroad has become increasingly common, which has led to the need to specify the instructions on when to apply for an A1 certificate. For those travelling often, it is worth the while to apply for the A1 certificate for two years at a time.