Goals to extend working life will be concretized in pensions in 2017

tirsdag, 15 desember 2015

In recent years in Finland, the extension of working life and the future sustainability of public-sector finances have been topics of extensive discussion. The EU Commission has encouraged Finland to consider linking the retirement age to the extending life expectancy. After the 2005 pension reform, changes in life expectancy were taken into account in the form of a life expectancy coefficient that regulates pension levels.

In September 2014, the Finnish central labour market organisations and the State agreed on an extensive pension reform that will come into effect as of the beginning of 2017.