Press releases

In the long run, the declining birth rates cause a strong upward pressure on pension contribution rates. A major increase in immigration or an equivalent reduction in migration, on the other hand, would ease the pressure by several percentage points. The magnitude of the impact depends on the employment outcome of the various groups of …

You can now apply for the A1 certificate needed when working abroad online. You can also download a granted certificate via our online application service.

Many of those born in 1955 continued working for another three months. The gradually increasing retirement age has deferred retirement but, so far, it has not caused a rise in the number of people retiring on a disability pension. This is evident from recent statistics of the Finish Centre for Pensions.

Retirees in rural areas have a lower income than those in urban areas, but the life satisfaction of both is at an equal level (7/10). Among other things, homeownership increases life satisfaction among rural retirees. This is evident in a recent study made by the Finnish Centre for Pensions that measured also the perceived economic …

Retirees who live in rural areas have a clearly lower income and struggle slightly more with making ends meet than do retirees who live in urban areas. Despite this, rural retires are not less satisfied with their lives than urban ones. 

In 2018 earnings-related pension expenditure amounted to 27.9 billion euros, up 800 million from the year before. The number of new old-age retirees fell back to 49,000, representing a decrease of almost 8,000 or eight per cent from 2017. The main reason was the pension reform that was put into effect in 2017.

The self-employed expect to continue working past retirement age clearly more often than employees. The biggest reason for staying on is having enjoyable and inspiring work, but financial reasons come into play as well. Only half of the self-employed feel they are paying enough to provide sufficient pension cover. Some plan to continue working because …

The trust in the pension system grew last year. If the financial sustainability of the pension system had to be improved, the most accepted measure would be to raise the pension contribution. The alternative of cutting pensions in payment or future pensions gained no support.

Jaakko Kiander has been appointed Director of Research, Statistics and Planning at the Finnish Centre for Pensions. Tuovi Rautjoki has been appointed Director of Communications.

The adequacy of pensions gains in importance for the economic well-being of an ever-growing share of ageing Europeans. One of the keynote speakers, Rudi Van Dam (Chair of ISG), points out that the social security indicators have to be improved and made more multi-dimensional. The job is not easy, because the indicators are a politically …