Private and public pension systems will merge into one pension system. Among other things, the merger will strengthen the sustainability and risk management of the earnings-related pension system and streamline the definition of disability and the criteria for disability pensions.
The negotiations on the implementation and practices of the social security agreement between Finland and Japan are under way. This week, a delegation from Japan visited the Finnish Centre for Pensions.
OECD’s report Pensions at a Glance reviews pension adequacy, structure and sustainability internationally. This time, special attention has been paid to the pensions of non-standard workers. In the comparison of pension replacement rates, Finland has remained at the same level as before.
In the long run, the declining birth rates cause a strong upward pressure on pension contribution rates. A major increase in immigration or an equivalent reduction in migration, on the other hand, would ease the pressure by several percentage points. The magnitude of the impact depends on the employment outcome of the various groups of …
You can now apply for the A1 certificate needed when working abroad online. You can also download a granted certificate via our online application service.
The Ministry of Social Affairs and Health has confirmed the life expectancy coefficient for 2020 at 0.95404.
Many of those born in 1955 continued working for another three months. The gradually increasing retirement age has deferred retirement but, so far, it has not caused a rise in the number of people retiring on a disability pension. This is evident from recent statistics of the Finish Centre for Pensions.
The Finnish Centre for Pensions’ long-term projections (LTP) have been published in English. The pension financing outlook is stable for the next few decades. The insurance contribution under the Employees Pensions Act (TyEL contribution) can be kept below 25 per cent of the wages until the 2050s. However, in the long run, the low birth …
The Finnish retirement income system ranked 4th in the international Melbourne Mercer Global Pension Index (MMGPI) comparison published today. The country’s overall ranking fell by one notch. For the sixth time in a row, Finland topped the integrity and transparency sub-indexes.
The central labour market organisations have agreed on the private-sector earnings-related pension contributions for 2020. The Ministry of Social Affairs and Health will confirm the grounds for the earnings-related pension contribution upon application by the earnings-related pension insurers.
Finnish Centre for Pensions – Central body of and expert on statutory earnings-related pensions