Cap pension costs with automatic stabilizing mechanisms
Although the issue of stabilizing pension financing in Finland will not be acute until the 2050s, the alternatives to tackle the problem need to be addressed now. In addition to abolishing routes to early retirement, raising the retirement age or cutting pensions can be used to balance financing. Another alternative is to employ various automatic stabilizing mechanisms.
Read more about the need for automatic stabilizing mechanisms in the English Summary of the most recent issue of Työeläkelehti (5:2020), published on 30 November 2020. Read also about how familiar Finns think they are and how familiar they actually are with pension issues, what early retirement costs and where the new home port of the Finnish Centre for Pensions will be as of 4 January 2021.