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The review on pension indicators is a compact information package on the state and projected outlook of earnings-related pensions. The package is directed at decision-makers and all interested in the outlook of pension provision. The review includes the most important indicators that depict the current status and predicted development of earnings-related pensions through graphs and …

The population is ageing, which has consequences for the pension system. In response, policy reforms across Europe have aimed at extending working lives and postponing the retirement of older workers. However, one actor is often overlooked in these changes: the employer.

In Finland, employment among the 60–68-year-olds increased in all educational levels between 2006 and 2018. As a rule, educational inequalities in employment has narrowed, a study by the Finnish Centre for Pensions shows.

The Ministry of Social Affairs and Health has confirmed the 2023 indexes for earnings-related pensions. The earnings-related pension index will rise by 6.8 per cent and the wage coefficient by 3.8 per cent compared to 2022. Because of the exceptionally high increase in the earnings-related pension index, the timing of retirement matters if the plan is to retire at the turn of the year 2022-2023.

In addition to the long period of polar nights, anybody moving to Finland may be surprised by the bureaucracy relating to working here. The Finnish Centre for Pensions works alone and together with various actors to make social security matters understandable for people coming to Finland from abroad.

The impact of vocational rehabilitation could not be shown in the study which utilized preliminary decisions for vocational rehabilitation. Getting a preliminary decision did not have a clear impact on employment or earned income.

Because of an exceptionally high increase in the earnings-related pension index, the time of retirement matters if it occurs at the turn of the year 2022-2023. This has been taken into account in the form of age group limitations in the pension calculators on Tyoelake.fi. Compensatory information and examples are available on the website.

We offer personal service to our customers by appointment. In addition, the operating hours of our service number have changed. Our customer service phone number operates on Mondays, Wednesdays and Fridays from 9 a.m. to 3 p.m.

According to an estimate by the Finnish Centre for Pensions, the earnings-related pension index will grow clearly more than the wage coefficient at the beginning of 2023. As a result, a person who retires in 2022 will get a higher index increment than a person who retires after the turn of the year, in 2023. The Ministry of Social Affairs and Health will publish the earnings-related pension indexes at the end of October.

The Finnish Centre for Pensions has updated the booklet that contains information on how to claim a pension from abroad. The booklet is available in several languages. You can order printed booklets from the Finnish Centre for Pensions.