Topical issues

Atypical employment relationships and employment interruptions are more common among today’s youth in EU countries than among older generations. According to a recent international study, current pension systems do not fully consider these non-continuous and atypical careers.

The total pension expenditure in 2022 was 35 billion euros. Every third person in Finland who has turned 16 years received a pension.

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.

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.

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.

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.

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.

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.

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.

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.