Press releases

This year, Finland ranked fifth in the international Global Pension Index comparison. Finland’s ranking improved by two places from last year when the comparison’s calculation method was changed. Once again, the Finnish pension system was ranked the most transparent and reliable pension system in the world.

The expected effective retirement age has risen more rapidly than expected. Yet the lower-than-projected birth rates and work-related immigration call for new measures to achieve sustainable long-term pension financing.

Around half of the employers assessed that the problem-solving ability as well as knowledge and skills of workers older than 55 are better than of the average worker, a fresh study by the Finnish Centre for Pensions reveals.

A study by the Finnish Centre for Pensions shows that most pensioners perceive their financial situation to have remained favourable between 2017 and 2020. Yet one fifth of the old-age pensioners experience long-term financial difficulties.

Finns continue working until retirement on an old-age pension clearly more often than before. Retirement from work became more prevalent in all socio-economic groups in 2006–2017, but particularly so among the low-educated. This is evident from a fresh study by the Finnish Centre for Pensions.

An ample 60 per cent of Finns find employment-based immigration to be a good means to strengthen pension financing.Raising pension contributions is the second most popular solution. An ample one third is in favour of this alternative. Only one quarter of Finns are in favour of pension investors increasing risk taking to increase pension assets. …

In all European countries, people continue working longer than before. Yet the low-educated exit the labour market earlier than the high-educated. In Finland, the effective exit age, that is, the age at which people leave the labour market, has increased relatively much.

The second corona year proved very favourable for pension investors, with an average nominal return on pension investments of 15.8 per cent and a real return of 11.9 per cent. The total assets rose to 256 billion euros. Good solvency safeguards pensions also in volatile global situations.

Sweden, Finland and Denmark stand out with the highest effective retirement ages in a comparison of the Nordic countries and Estonia. Although Finns have postponed retirement markedly in the 2010s, they still exit the labour market at the youngest age. Icelandic, Norwegian and Finnish women spend the longest time in retirement.

One third of 63–80-year-old retirees work or are interested in working while drawing an old-age pension, a recent study (in Finnish only) by the Finnish Centre for Pensions shows. Many retirees would like to work to get something meaningful to do. However, retirees find that their age might be an obstacle to working in retirement. The analysis based on a survey was published in the social policy journal Yhteiskuntapolitiikka.