The Finnish pension system is an important element in providing income security
- in old age
- the event of work incapacity
- in the event of the death of a breadwinner
The MSAH is responsible for preparing pension legislation. According to the MSAH's current strategy and the government programme
- lifetime working careers will be three years longer by 2020
- the pension system will be reformed so that it is better suited to prolonged
- life expectancy, the harmonization of work and family life, changing working
- conditions, and the requirements of cross-border migration
- the sustainability, funding and sufficiency of pension security of the
- occupational pension system will be safeguarded
- the pension, rehabilitation and unemployment benefit system must be developed as a whole
- reforms of occupation pension legislation will be prepared together with social partners
- the numbers of people on work disability pensions will be reduced
partial-disability pension will be promoted
Pension security comprises work pensions, the national pension and guarantee pension.
Pension accrued from wages or self-employed earnings.
Minimum pension security for those who have not accrued an earnings-related pension, or if it is small.
Pension benefit guaranteeing everyone a minimum pension larger than the national pension.
Earnings-related pension and national pension benefits include the old age pension, work disability pension and family pension. The earnings-related pension includes the partial pension.
Old age pension
A pension benefit enabling one to retire from work partially or fully.
Work disability pension
Makes up for loss of earnings as a result of long-term work disability.
Paid to widows/widowers and children.
Reinforcing one's pension security
Statutory compulsory pension cover can be supplemented by additional pension cover arranged thorough employers or by oneself.