Long-term projections in English: Low birth rates complicate future pension financing
The Finnish Centre for Pensions’ long-term projections (LTP) have been published in English. 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 …