Press releases

Some Finnish authorities have ruled that platform workers (for example, food couriers) are employees while others view them as self-employed. The contradictory rulings are unfortunate as it would be important for both platform companies and platform workers to clarify the social security of platform workers. Employees are insured by the employer; the self-employed have to insure themselves.

In 2020, the first-time insured under the earnings-related pension acts numbered 74,000, which is 25 per cent fewer than in 2019. The last time the number of young persons insured for the first time dipped was in the wake of the financial crisis in 2009. The average monthly earnings of Finnish employees in 2020 were …

Two of three pension recipients find it somewhat easy to cover everyday expenses. However, according to a fresh study by the Finnish Centre for Pensions, one in ten reported great financial strain.

This year, Finland ranked seventh in the international Global Pension Index comparison. Although the country’s overall index value rose from 2020, Finland dropped two notches as Iceland and Norway passed it on the score board. Once again, the Finnish pension system was ranked the most transparent and reliable pension system in the world.

Allan Paldanius, M.Sc. (Mathematics), has been appointed Director of Research, Statistics and Planning and member of the Management Group of the Finnish Centre for Pensions.

A fresh international evaluation of the Finnish pension system finds that the system efficiently alleviates poverty and provides a reasonable income for pensioners. Nevertheless, the system will face a financing challenge that must be addressed in due time, by either raising pension contributions or strengthening the adjustment mechanisms.

Claiming a partial old-age pension is associated with parental lifespan, a recent study by the Finnish Centre for Pensions has shown. The shorter their projected life expectancy, the more likely it is that people will claim a partial old-age pension.

Every second Finn supports increasing employment-based immigration if our pension system is to be amended due to its financing. The Finns strongly oppose pension cuts. This is evident in the latest Pension Barometer conducted by the Finnish Centre for Pensions.

On average, the net income of a person retiring from employment is 79 per cent of the net income during the active period. A new study by the Finnish Centre for Pensions shows that the change in net income at retirement has remained unchanged since the early 2000s.

Despite the corona pandemic, Finnish investment assets rose by 4.8 per cent to 223 billion euros. In the review period 1997-2020, the average return of the Finnish pension insurance investors has exceeded the baseline projections. Read more about the allocation of Finnish pension investments in the English Summary of Työeläkelehti (2:2021), published on 7 June …