In the report of the working career group appointed by the government and the labour market organisations, the key pension policy objectives have been presented as follows:
- It is necessary to secure a sufficient level of earnings-related pension benefits under conditions where future pensions are lowered by the life expectancy coefficient to a greater extent than expected.
- The sustainability of financing of the earnings-related pension scheme must be secured through a development of earnings-related pension contributions that does not weaken the preconditions for employment and economic growth.
- The average retirement age must rise sufficiently in order for the two aforementioned goals to be realised.
In 2013, the Finnish Centre for Pensions introduced for the first time the central indicators with which the assessment of pension provision can be supported and the realisation of the goals monitored. Like its predecessor, this second Pension indicators review attempts to provide a sense of the state of the earnings-related pension provision and the realised and estimated development. The review is directed at decision-makers and others interested in the future outlook of pension provision. Further information on the subjects of the report is available on the website of the Finnish Centre for Pensions and in various publications.
The Pension indicators have been grouped according to three central goals: length of working life, pension level and pension financing. The core indicators include central issues in terms of the development of the earnings-related pension provision and the monitoring of the reforms. The supplementary indicators offer, as their name reveals, additional insight.
The publication is available online only.