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Financing of pensions

On these pages, we present the principles of financing for earnings-related pensions, the sustainability of financing, earnings-related pension contributions and the circulation of earnings related pension money. In addition, we illustrate technical provisions and solvency regulations.

Principles of financing

The Finnish earnings-related pension system is a defined benefit system. This means…

Sustainable financing

Many factors — such as the birth rate, employment, and returns on…

Pension contributions

The Finnish earnings-related pensions are mainly financed by pension insurance contributions paid…

Circulation of pension money

The Finnish earnings-related pension system follows the principle of partial funding. This…

Technical provisions

In a partially funded system, the pension provider calculates the technical provisions…

Solvency regulation

One of the tasks of private-sector pension providers is to place part…

Glossary of actuarial terms

The glossary explains the most common terms concerning the calculation of technical…

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