Finland’s retirement income system consists of a basic state pension, which is income-tested, and a range of statutory earnings-related schemes.
The overall index value for the Finnish system could be increased by:
- continuing to increase the minimum pension for low-income pensioners
- continuing to raise the level of mandatory contributions that are set aside for the future
- increasing the labour force participation rate at older ages as life expectancies rise
- introducing arrangements to protect the pension interests of both parties in a divorce.
|The Finnish index value fell slightly from 73.0 in 2015 to 72.9 in 2016.|
|The Finnish index fell from 74.3 in 2014 to 73.0 in 2015 caused by a combination of factors including a all in the household saving rate, increasing life expectancy and the change to the scoring methodology relating to pensions assets.|
|New to Index|