Press releases

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 …

The majority of the pension funds in our comparison reached a real return of 5–10 per cent despite the exceptional year. The clearly highest return, around 20%, was made by the Swedish buffer fund AP6 that invests only in equities. The Finnish pension investors weathered the peculiar year with varying degrees of success.

Saving for retirement is more prevalent among men and the 55–64-year-olds. Women and the unemployed state more often than others that they are financially unable to save. This is evident from a recent study by the Finnish Centre for Pensions.

Many wage earners intend to continue working past their old-age retirement age. A recent study by the Finnish Centre for Pensions shows that men and the highly educated intend to retire at a higher age than others.

Mental disorders continue to be the most common reason for retirement on a disability pension. The largest single reason is depression, which drives ten persons to retire on a disability pension each day. Two out of three new retirees on a disability pension due to depression are women.

The average monthly pension of Finns grew by nearly 50 euros in 2020. In real terms, it has risen by an ample 200 euros in one decade. Yet every third pension is less than 1,250 euros per month.

The number of new partial old-age pensions grew only slightly in 2020. At the end of the year, a total of 29,000 persons were drawing a partial old-age pension. Statistics of the Finnish Centre for Pensions shows that one third of them have reduced working.