Keva implements the pensions of employees of local governments, the State, the Evangelical-Lutheran Church, Kela, the Parliament and the Bank of Finland.

The Regional Government of Åland implements the pensions of employees who have begun their employments before 1 January 2008. The Central Church Fund of the Orthodox Church implements the pensions of some of the employees of the Orthodox Church who have begun their employments before 1 January 1993.

Keva implements the majority of public sector pensions

Keva is an independent corporation governed by public law. Its operations fall subject to the Local Government Pensions Act (JuEL) and the Keva Act (KevaL). As of the beginning of 2017, the regulations of the Local Government Pensions Act (KuEL), the State Employees Pensions Act (VaEL) and the Evangelical-Lutheran Church Pensions Act (KiEL) were incorporated into the Public Sector Pensions Act (JuEL). The Act on Keva and the acts on the financing of state pensions and pensions of the Evangelical-Lutheran Church also came into force as of the beginning of 2017.

As of 1 January 2021, employees of the Bank of Finland are covered by the Public Sector Pensions Act. The Bank of Finland continues to handle the financing of its employees’ pensions.

Keva handles municipal pensions and their financing. It also implements the pensions of the employees of the Evangelical-Lutheran Church, Kela and the Bank of Finland. Keva’s member corporations include all Finnish cities, municipals and municipal federations, as well as the majority of municipal associations and limited companies.

The State Pension Fund is responsible for the financing of state pensions. The Evangelical-Lutheran Church, Kela and the Bank of Finland are responsible for the financing of the pensions of their employees.

The regional government of Åland and the Orthodox Church

The pension office of the Department of Finances of the regional government of Åland handles the earnings-related pensions of the employees of the regional government of Åland. Employees who were hired before 1 January 2008 have their own pension rules, which pensions resemble public sector pensions. Employees who have been hired after 1 January 2008 are insured under the Employees Pensions Act (TyEL).

The earnings-related pensions of the employees of the Orthodox Church are regulated by the Orthodox Church Act. According to the pension rules of the Orthodox Church, the pensions of priests, diacones and cantors who were hired before 1 January 1994 are insured under the Orthodox Church pension rules. The pensions are similar to those of state employees and implemented by the Central Church Fund of the Orthodox Church. Employees of the central administration and the dioceses who were employed before 1993 are covered by the Public Sector Pensions Act (previously under the State Pensions Act). Employees hired after that are insured under the Employees Pensions Act.

The Statistical Database of the Finnish Centre for Pensions provides more information on pension providers, such as the number of their insured persons and pensioners as well as financial information.