Average monthly pension in Finland in 2022: 1,845 euros
The total pension expenditure in 2022 was 35 billion euros. Every third person in Finland who has turned 16 years received a pension.
Topical issues
Appointment: Sami Salmi new Head of Department (Information Management) at the Finnish Centre for Pensions
Sami Salmi (Bachelor of Business Information Technology) has been appointed Head of Information Management at the Finnish Centre for Pensions as of 2 May 2023.
Earnings-related pension assets 243 billion euros
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.
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.
Research webinar: Raising retirement ages – How pension reforms have affected employment and retirement in Finland and Estonia
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.
The ABCs of earnings-related pensions in concise booklets
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.
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.
2022 Pro Gradu Award for Master’s thesis on pensions
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.
Working abroad is growing fast – a record number of A1 certificates granted in Finland in 2022
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.
2017 pension reform successful – retirement clearly deferred
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 …