Topical issues

Of the self-employed, 57 per cent feel that they pay adequate pension contributions, while 43 per cent feel they have underinsured themselves. A recent study by the Finnish Centre for Pensions shows that the majority of the self-employed pay low contributions in relation to their income.

Last year was exceptionally good for pension investors worldwide. The largest investment returns of nearly 20 per cent were achieved by the Government Pension Fund of Norway (SPU) and the Swedish AP4. Despite an excellent investment year, the return of most actors included in the comparison fell over a 10-year period.

As of 1 May 2020, the new Head of Department of the Register Services Department of the Finnish Centre for Pensions is Sari Alanko (M.Sc.).

All over the world, many regular functions have come to a halt because of the corona epidemic. In Finland, the earnings-related pension system quickly became a considerable part of the crisis management package. Although the measures taken will lead to a temporarily reduced contribution income for pension providers, pensions are paid out as usual. Read …

For the first time, mental disorders surpassed musculoskeletal diseases as the main cause for retirement on a disability pension.  Disability pensions granted for mental disorders increased clearly in 2016. Depression has become a particularly common reason for retirement on a disability pension for women who are young or nearing their retirement age.

Due to the corona virus, many who work abroad now telecommute from their home country. The telecommuting may affect which country’s social security is applied to the worker.

Your A1 certificate continues to be valid if you are laid off for no more than 3 months. If you are laid off until further notice, your A1 certificate will cease to be valid one month at the most from the date that your lay-off begins.

At year-end 2019, the number of partial old-age pension recipients in Finland was 25,000, which is an increase of 6,000 from the end of 2018. Nearly all take out 50 per cent of their accrued old-age pension. The average monthly partial old-age pension was 800 euros and the median 720 euros, statistics of the Finnish …

Please notify the Finnish Centre for Pensions if you are interrupting your work abroad.

The average monthly pension of Finns exceeded 1,700 euros for the first time. In real terms, it has risen by nearly 200 euros in one decade. For nearly 40 per cent of the retirees, the monthly pension was less than 1,250 euros. The number of pension recipients increased in all provinces except Uusimaa, where the …