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Finnish pension system in a nutshell

Article 28.4.2022

Finland has one of the best pension systems in the world - and that’s a fact. But if you’re starting a business in Finland, you might be wondering why it’s mandatory for entrepreneurs to take out pension insurance. Or for employers to get pension insurance for their employees? We are here to help you!

Finnish pension system in a nutshell
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  1. Work ability management helps employers act responsibly
    Ilmarinen puts work ability management at the top of its sustainability work. In addition, social responsibility emphasizes the competence of Ilmarinen's own personnel. All this is stated in Ilmarinen's Sustainability Report. The report also shows that the company has made strong progress in climate action within its investments and actively engages with investee companies through active ownership.
    Read news article Work ability management helps employers act responsibly
  2. Ilmarinen commits to science-based climate targets
    Ilmarinen, an earnings-related pension company, strengthens its climate work and commits to setting science-based near-term climate targets in accordance with the Science Based Targets initiative (SBTi).
    Read news article Ilmarinen commits to science-based climate targets
  3. Entrepreneur, it’s time to review your YEL income – here’s what to do
    Pension providers have a legal duty to review entrepreneurs’ confirmed income (YEL income) together with you at regular intervals. We will begin the 2026 reviews in March. Here’s what you should know.
    Read news article Entrepreneur, it’s time to review your YEL income – here’s what to do
  4. Pensioner living abroad, answer the country of residence enquiry
    We annually check the information of our pension recipients living abroad, such as their address, because the changed information may have an impact on the payment of the pension.
    Read news article Pensioner living abroad, answer the country of residence enquiry
  5. Ilmarinen's Financial Statements 2025: Return on investments was 8.1 per cent or EUR 5.1 billion
    Ilmarinen’s investment assets increased to EUR 67.5 billion. Solvency continued to strengthen and cost-effectiveness is at a good level. Ilmarinen’s investments have generated a total of EUR 30.2 billion over a period of 10 years. Twenty per cent of the investments are in Finland.
    Read news article Ilmarinen's Financial Statements 2025: Return on investments was 8.1 per cent or EUR 5.1 billion
  6. Important to know at the turn of the year pensioner
    You can see the amount of your pension for the coming year, the payment dates and information on the amount of tax withholding from the MyPension service on our website at the beginning of December. We will approach our pensioners towards the end of the year via SMS and e-mail, reminding them to view the information online.
    Read news article Important to know at the turn of the year pensioner
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