The latest pension reform entered into force at the beginning of 2017. The amount of pension depends on the total annual earnings during one’s working life. This article briefly describes the basic principles of pension provision for privately insured persons. The regulations concerning those working in the public sector are slightly different, and information on them can be found, for example: On the websites of Keva and the Office for the Government as Employer.
Statutory earnings-related pension insurance provides protection against old age, disability, death of a family guardian and unemployment of an elderly person.
More information on earnings-related pensions can be found at tyoelake.fi.