Pension Statistics – key pension figures in a nutshell
Pocket Statistics, published by the Finnish Centre for Pensions, includes central statistical data, time series and info-graphics on pensions. The most recent figures date back to year-end 2020.
Topical issues
Every fourth retiree on an old-age pension is a baby boomer
A total of 1.3 million persons draw an old-age pension. One in four of them are baby boomers. In 2020, around 42,000 persons retired on an old-age pension, down by five per cent compared to 2019. Earnings-related pensions were paid to an amount of nearly 30 billion euros.
Study: Net income decreases at retirement by one fifth on average
On average, the net income of a person retiring from employment is 79 per cent of the net income during the active period. A new study by the Finnish Centre for Pensions shows that the change in net income at retirement has remained unchanged since the early 2000s.
Exceptional investment year
Despite the corona pandemic, Finnish investment assets rose by 4.8 per cent to 223 billion euros. In the review period 1997-2020, the average return of the Finnish pension insurance investors has exceeded the baseline projections. Read more about the allocation of Finnish pension investments in the English Summary of Työeläkelehti (2:2021), published on 7 June …
Pro Gradu Award to Jonathan Strömberg
Each year, the Finnish Centre for Pensions grants a Pro Gradu Award to a distinguished master’s thesis. This year the award goes to Jonathan Strömberg from the University of Oulu. His thesis examines the financial sustainability of the Finnish occupational pension system, comparing the Finnish, Dutch and Danish pension systems.
International comparison of investment return: Better-than-expected returns for pension funds in the corona year
The majority of the pension funds in our comparison reached a real return of 5–10 per cent despite the exceptional year. The clearly highest return, around 20%, was made by the Swedish buffer fund AP6 that invests only in equities. The Finnish pension investors weathered the peculiar year with varying degrees of success.
Renewed application service for A1 certificates
The application service for A1 certificates for employees, employers, sailors and flight crew members has been renewed. As a result, the applicant may receive the A1 certificate within one hour from submitting the application and with fewer clicks than before. The application service for A1 certificates is renewed as of Monday 10 May 2021. The …
Voluntary saving increasingly popular – every second Finn saves for retirement
Saving for retirement is more prevalent among men and the 55–64-year-olds. Women and the unemployed state more often than others that they are financially unable to save. This is evident from a recent study by the Finnish Centre for Pensions.
Wage earners’ retirement intentions clearly deferred – every second wants to retire at age 65 at the earliest
Many wage earners intend to continue working past their old-age retirement age. A recent study by the Finnish Centre for Pensions shows that men and the highly educated intend to retire at a higher age than others.
Research webinar: Inequalities in pensions and retirement – Life courses and pension systems in comparative perspective
Are pensions enough to cover income in retirement, particularly if one cannot work until the statutory retirement age? Will caregiving towards the end of one’s career affect continued working? How do family biographies affect income in retirement? The Finnish Centre for Pensions’ research webinar on 10 May presents the hot-off-the-print Social Policy & Administration Special Issue …