[PDF] average pension in finland

Every third person in Finland who has turned 16 years received a pension. In 2022, the average monthly pension of Finns exceeded 1,800 euros for the first time. The average monthly pension was 1,845 euros (€1,784 in 2021). In 2022, the median monthly pension was 1,614 euros.
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  • Who pays pension in Finland?

    Both employers and employees pay pension contributions. Employers deduct employees' pension contributions from their wages and pay them to the pension provider. Self-employed persons pay their pension contributions themselves.

  • How long do you have to work in Finland to get a pension?

    National pension can be claimed if a person has no earnings-related pension, or if their earnings-related pension is small. National pensions are granted and paid by Kela. A requirement for claiming the national pension is that the claimant has lived in Finland for at least three years after turning 16.

  • How much pension do you get in Finland?

    The amount of the national pension is EUR 697.51 per month and that of the guarantee pension EUR 180.64 per month. The total amount is EUR 878.15 per month.

  • Top countries with the best pensions in 2022

    Iceland.Netherlands.Denmark.Israel.Finland.Australia.Norway.Sweden.
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1 FINLAND The two-tier pension system consists of a basic state

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Pensions at a Glance 2019 - How does Finland compare?

the OECD average of 59%. Finnish people born in 1940 could retire 3 years earlier at 65 with a full pension and a replacement rate of about 68%.



oecd

Future gross pension replacement rates are close to the OECD average for average-income earners and below average for low-income earners.



Pension Country Profile: Finland

total pension income which an average-earning Potential average pension benefit ... There are two main types of statutory pension plans in Finland:.



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The main objective of the Finnish pension system is to ensure that the In 2006 the average total pension of the pensioners (earnings-related and ...



Finnish Country Fiche on Pensions

* The effective retirement age shows the age at which people on average start receiving a pension benefit. It is calculated on the basis of the administrative 



OECD Pensions at a Glance 2021

02?/12?/2021 the total population higher than the OECD average of 88%. ... explain only half of this and



Earnings-related pension recipients in Finland 2019

and all pension recipients in Finland have been published since 1981.1 In 1981 Average and median earnings-related old-age pension at 31 Dec. 2019.