How will Finnish Pensions be Working in the Future?

  • Simo Forss

Abstract

Statutory pensions in Finland comprise employment pensions and the national pension. The purpose of the national pension is to guarantee an adequate minimum income for all pensioners. Entitlement to the national pension is based on residence. The purpose of employment pension is to guarantee that the level of consumption attained by employees and the self-employed during their active working career is maintained. The target, or maximum amount, of the pension represents 60% of the wage, and it is accrued over a 40-year-period.

Keywords

DepreSSIOn Income valIne Stake Agmg 

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References

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Copyright information

© Springer Science+Business Media New York 1995

Authors and Affiliations

  • Simo Forss
    • 1
  1. 1.The Central Pension Security InstituteHelsinkiFinland

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