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Please notify the Finnish Centre for Pensions if you are interrupting your work abroad.
Topical issues
Average monthly pension in Finland 1,716 euros
The average monthly pension of Finns exceeded 1,700 euros for the first time. In real terms, it has risen by nearly 200 euros in one decade. For nearly 40 per cent of the retirees, the monthly pension was less than 1,250 euros. The number of pension recipients increased in all provinces except Uusimaa, where the …
Posted worker, are you stuck abroad?
If you are a posted worker and living abroad, the Finnish Centre for Pensions urges you to apply for an extension to your A1 certificate if needed. If you have become unemployed, contact Kela.
Pensions paid out as usual despite corona epidemic
Plummeting stock exchanges affect the valuation of pension providers’ assets but not the payment of pensions.
Disability leads to weaker income in old age
Retirees on an old-age pension who have suffered from disability during their working life struggle with making ends meet nearly twice as often as other retirees on an old-age pension.
Effective retirement age risen clearly
According to the statistics of the Finnish Centre for Pensions, people in Finland retired on an old-age pension at age 61.5 years on average in 2019. This is about one month later than in 2018. A total of 44,500 persons retired on an old-age pension. This is 10 per cent less than in 2018.
Balance mechanisms to uphold pension systems’ economic balance
Experts from Sweden, Canada, Germany, the Netherlands and Finland presented the balancing mechanisms of their pension systems in a recent seminar at the Finnish Centre for Pensions. The mechanisms include indexing and pension cuts.
Updated info on pension benefits in 2020 booklet and supplement
Our updated booklets help you understand social insurance and earnings-related pensions in Finland and instructs you on how to apply for your earnings-related pension.
International comparison: Finland stands out with its low old-age income inequalities
In its recent review, the OECD compliments Finland for its low old-age income inequalities. However, the OECD also expresses a concern for the low pension adequacy of the self-employed and suggests measures to improve their pensions. Pension levels in relation to earnings will be reduced in the future in most OECD countries, also in Finland.
Great Britain departed from the EU – transition period until end of 2020
Brexit has been confirmed. Great Britain’s departure from the EU will come into force on 1 February 2020. Britain’s departure from the EU is based on a mutual withdrawal agreement.