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.
Retirees in rural areas have a lower income than those in urban areas, but the life satisfaction of both is at an equal level (7/10). Among other things, homeownership increases life satisfaction among rural retirees. This is evident in a recent study made by the Finnish Centre for Pensions that measured also the perceived economic …
The online course ”The Finnish Earnings-related Pension System” is intended for persons who work within or with the earnings-related pension system and who need a general overview of the pension system in English.
The social security agreement will affect the social security of persons moving between Finland and Japan. It concerns the earnings-related pension system in Finland and the Japanese workers’ pension insurance.
The conference Pension Adequacy in Europe – Today and Tomorrow, arranged in Helsinki on Tuesday 17 September 2019, gathered European experts on pension adequacy. A video recording of the conference, the presenters’ slides and three interviews are now available on this website.
The principle of free movement of workers is one of the most important principles of the EU. To guarantee free movement for all while ensuring their social security rights, the cooperation between authorities must be carried out in good spirit. This was established by the seminar of the EU network MoveS that took place in …
Most pension investors struggled last year, particularly in the last quarter of the year. The Norwegian Government Pension Fund Global (SPU) suffered the most from the slump in stock prices, losing as much as 6 per cent of its assets. Yet the return of nearly all of the actors included in the comparison improved over …
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