News

The Finnish Centre for Pensions has produced an animated video on how earnings-related pension benefits accrue in Finland. The video is intended mainly for foreigners coming to work in Finland for a shorter or longer period of time. The video is available in English, Estonian and Russian.

One in ten 63–67-year-old retiree works. Most of the time, the work is sporadic and part-time. The number of working retirees has remained unchanged despite the increase in retirement age.

The 2020 release calendar of statistics of the Finnish Centre for Pensions is now available. The schedule lists all statistics and publications that will be published in 2020 in a chronological order.

A work community that includes both young and old workers encourages workers to stay in working life longer, a study by the Finnish Centre for Pensions shows. The extensive study based on register data examined the effects of interactions between individuals and work communities on continued working.

The negotiations on the implementation and practices of the social security agreement between Finland and Japan are under way. This week, a delegation from Japan visited the Finnish Centre for Pensions.

OECD’s report Pensions at a Glance reviews pension adequacy, structure and sustainability internationally. This time, special attention has been paid to the pensions of non-standard workers. In the comparison of pension replacement rates, Finland has remained at the same level as before.

The Ministry of Social Affairs and Health has confirmed the life expectancy coefficient for 2020 at 0.95404.

The Finnish Centre for Pensions’ long-term projections (LTP) have been published in English. The pension financing outlook is stable for the next few decades. The insurance contribution under the Employees Pensions Act (TyEL contribution) can be kept below 25 per cent of the wages until the 2050s. However, in the long run, the low birth …

The Finnish retirement income system ranked 4th in the international Melbourne Mercer Global Pension Index (MMGPI) comparison published today. The country’s overall ranking fell by one notch. For the sixth time in a row, Finland topped the integrity and transparency sub-indexes.

The central labour market organisations have agreed on the private-sector earnings-related pension contributions for 2020. The Ministry of Social Affairs and Health will confirm the grounds for the earnings-related pension contribution upon application by the earnings-related pension insurers.