The updated pension calculator takes into account the general growth in earnings in Finland, that is, the change in the average earnings of wage earners. Taking into account the growth in earnings makes the result more realistic. The pension calculator is available at Työeläke.fi, a website for the general public.
As of April, the conditions for getting Kela benefits will change for persons coming to work in Finland or going abroad from Finland to work in another country. The change in law also affects posted employees and self-employed persons who go abroad to work in a third country.
The pension financing outlook is stable for the next few decades. The insurance contribution under the Employees Pensions Act (TyEL contribution) can be kept below 25 per cent of the wages until the 2050s. However, in the long run, the low birth rates will cause a pronounced pressure to raise the contribution rate. The required …
Director Mikko Kautto, 53, has been appointed the new managing director of the Finnish Centre for Pensions as of 1 June 2019. He will succeed the current managing director Jukka Rantala, 67, who will retire at the beginning of June.
During its first two years, 23,000 persons (10,300 in 2018) chose to take payment of the partial old-pension. Nearly 90 per cent selected to take out the maximum amount, or half of their earned pension pot. On average, they were paid 790 euros per month. Recent statistics of the Finnish Centre for Pensions reveals that …
Our updated booklets help you understand social insurance and earnings-related pensions in Finland and instructs you on how to apply for your earnings-related pension.
If you have worked or lived abroad, you may be entitled to a pension from that country. The booklet “How to Claim Your Pension from Abroad” guides you when you want to apply for your foreign pension.
Etk.fi will be temporarily out of use for approximately half an hour on Wednesday the 20th of February from 1 p.m. We are sorry for the inconvenience.
Workers going abroad to work can remain covered by the social security laws and benefits of their home country and avoid extra fees in the country in which they work. They need an A1 certificate for this.
The sharing economy poses a challenge in terms of pension insurance: when is a person working on digital platforms a self-employed person and when an employee? A new website, soon available also in English, offers information on the statutory obligations relating to sharing economy.