In 2020, the Finnish Centre for Pensions sent a total of 6,054 pension claims abroad. The majority (62%) was sent to Sweden. The number of pension claims sent to Sweden has declined steadily over several years. Compared to in 2019, the number of pension claims sent to Sweden in 2020 had declined by 900 claims.
Estonia received the second highest number (827) of pension claims from Finland. This equalled 14 per cent of all pension claims sent abroad. The third highest number of claims was sent to Norway (402 claims or 6%) and the fourth to Germany (300 claims or 5%).
The remaining claims were sent mainly to the UK, Denmark, Switzerland, the US and France and the Netherlands (1-2%/country). Other EU/EEA countries and countries with which Finland has a social security agreement received a total of 345 pension claims.
Roughly 1,000 pension claims less were sent abroad by the Finnish Centre for Pensions in 2020 compared to in 2019. We expect a decline in the number of pension claims sent abroad also in the future. The main projected decline relates to claims sent to Sweden. Many of the baby boomers worked in Sweden in the 1960s and 1970s. Most of them have already retired.
The number of pension claims sent abroad by the Finnish Centre for Pensions is expected to continue to decline over the next five years. After that, the number is expected to stabilize and remain at the same level for several years.