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News and articles
Finnish pension system in a nutshell
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 nutshellMore news and press releases
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News
21.11.2025
Earnings-related pension insurance contributions for 2026 confirmedThe Ministry for Social Affairs and Health has confirmed the earnings-related pension insurance contributions for 2026. The average contribution for employer’s pension insurance (TyEL) is 24.4 per cent of the payroll in 2026.Earnings-related pension insurance contributions for 2026 confirmed
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News
19.11.2025
The increased pension contribution and the higher accrual rate for employees aged 53–62 will be eliminated in 2026. From the beginning of the year, the contribution will be the same for employees of all ages: 7.30 per cent of the wage, regardless of age.
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News
17.11.2025
The upper age limits for TyEL and YEL insurance will change in 2026The 2017 pension reform set an upper age limit for TyEL and YEL insurance based on the year of birth. The change will have an impact from the beginning of 2026, when those born in 1958 and younger are insured and will continue to accrue pensions in 2026.The upper age limits for TyEL and YEL insurance will change in 2026
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News
29.10.2025
Employer, self-employed person, pensioner – 2026 earnings-related pension index and wage coefficient confirmedThe Ministry for Social Affairs and Health has confirmed the indices for earnings-related pension insurance for 2026. Next year, the earnings-related pension index is 3104, which means an approximately 0.9 per cent increase on pensions at the start of the year. The confirmed wage coefficient is 1.712. Compared to 2025, the wage coefficient will rise some 2.3 per cent.Employer, self-employed person, pensioner – 2026 earnings-related pension index and wage coefficient confirmed
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Press release
24.10.2025
Return on Ilmarinen’s investments was 4.8 per cent – solvency was at a good levelThe return on Ilmarinen’s investments was 4.8 per cent in January–September, or EUR 3.0 billion. Investment assets reached record levels and solvency was strengthened.Return on Ilmarinen’s investments was 4.8 per cent – solvency was at a good level
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News
22.8.2025
Ilmarinen’s cost-effectiveness continues to guarantee our customers affordable TyEL contributionsIn 2026, the administrative costs of Ilmarinen’s customers will be no more than 0.18 per cent of the payroll. We have made our operations more efficient every year, which means that Ilmarinen’s customers can continue enjoying affordable TyEL contributions when it comes to the administrative cost. The administrative cost is part of the TyEL insurance contribution.Ilmarinen’s cost-effectiveness continues to guarantee our customers affordable TyEL contributions