The Effects of Indexation Reform on Old-Age Pension Benefits and Pension Expenditure in Finland

  • Toini Christiansson
Chapter

Abstract

Due to rising dependency rates, the lengthening of life expectancy, and economic prospects, the indexation of pensions is a very topical issue. The pension adjustment deals with the necessity to maintain the buying power of retirement incomes. Automatic indexation of pension benefits and revaluation of pensionable basic income are common in most industrialised countries. Without upward revaluation, inflation reduces the real value of the pensionable income. The pension benefits and the pensionable basic salary can be indexed to prices or wages or to some combination of both.

Keywords

Europe Income 

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Copyright information

© Springer Science+Business Media Dordrecht 1999

Authors and Affiliations

  • Toini Christiansson

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