Topical issues

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.

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.

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.

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 2021, a total of 30 billion euros were paid in earnings-related pensions. Old-age pensions accounted for nearly 90 per cent. The average monthly pension of those retiring on an earnings-related old-age pension in 2021 was 1,900 euros. On average, the monthly pensions of new female retirees were an ample 200 euros higher than of those who retired earlier.

The earnings-related pension field wants access not only to data on earnings but also to data on benefits in the Incomes Register when calculating pensions. That is why the Tax Administration Incomes Register Unit has been given the assignment to examine within the next few years whether an earnings basis can be added to the data content of the Incomes Register.

People on a partial old-age pension more often retire on a full-time old-age pension as soon as they reach their retirement age than do those who are not drawing a partial old-age pension. The same applies to those who draw the former part-time pension. People on an early pension also less often continue working until their target retirement age, a study by the Finnish Centre for Pensions reveals.