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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. What every entrepreneur should know about sickness allowance
    We all get sick sometimes – even entrepreneurs. Luckily, when you’ve taken care of your pension insurance, you can receive sickness allowance from Kela during your illness. Read on to find out what every entrepreneur needs to know about YEL insurance and sickness allowance.
    Read news article What every entrepreneur should know about sickness allowance
  2. Ilmarinen’s financial statements 2020: Solvency strengthened further despite the coronavirus crisis, efficiency improved substantially
    The return on Ilmarinen’s investments was 7.1 per cent as the coronavirus crisis was shaking the markets. The value of investment assets increased to an all-time high, more than EUR 53 billion, and solvency strengthened. Operating expenses decreased by 9 per cent.
    Read news article Ilmarinen’s financial statements 2020: Solvency strengthened further despite the coronavirus crisis, efficiency improved substantially
  3. Agreement between the EU and the UK – impacts on social security yet to be specified
    Negotiations on the future relationship have been concluded between the European Commission and the United Kingdom. The agreement was signed 30 December 2020.
    Read news article Agreement between the EU and the UK – impacts on social security yet to be specified
  4. Ilmarinen’s Christmas donation goes to the Children and Youth Foundation
    Instead of sending Christmas greetings, Ilmarinen supports the Children and Youth Foundation with a donation.
    Read news article Ilmarinen’s Christmas donation goes to the Children and Youth Foundation
  5. We want to continue supporting our customers during challenging times
    If you're having difficulties making your pension insurance payments, we urge you to contact us in good time to discuss your options. We evaluate every situation on a case-by-case basis. Payments cannot be suspended altogether, but we'll try to make flexible arrangements for you to the extent possible.
    Read news article We want to continue supporting our customers during challenging times
  6. Welcome to our new website – Ilmarinen.fi makes for easy pension and insurance
    Our website ilmarinen.fi has been renewed. Special emphasis has been placed on improving the website’s accessibility and availability.
    Read news article Welcome to our new website – Ilmarinen.fi makes for easy pension and insurance
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