Types of pensions in Finland


Finland offers two types of pension: employment (or earnings-related) and national pensions. Both of these provide some form of support to residents of Finland if their ability to work is hindered at all, as well as supporting people who have retired.

Employment pensions in Finland

Practically all areas of employment are covered by a pension scheme, though the conditions vary between employees in the private and public sector, self-employed persons, farmers and seamen.

Employment pensions are compulsory and are paid for by both the employer and the employee. The size of the pension depends on how long the employee has worked for and how much they have earned.

National pensions

While employment pensions provide a reasonable income, the national pension only guarantees minimum security if the individual has no employment pension, or if it is small. The national pension depends on the amount of employment pension received.

National pensions are covered by contributions made by employers and from tax revenues. A resident in Finland is entitled to a national pension if they have lived in Finland for at least 3 years by the time they reach the age of 16. Citizens of foreign countries are entitled to a national pension if they have lived in Finland for the last 5 years.

You can find more information about pensions in Finland on the Finnish Centre for Pensions’ website .

Further reading

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