TN 2 (04-23)
The National Pension bases coverage on residence in Finland, while the Earnings-Related Pension credits coverage based on a worker's earnings.
In general, the National Pension covers all persons who reside in Finland, regardless of nationality.
The Earnings-Related Pension compulsorily covers all private sector employees age 14 and over, self-employed persons, and farmers. The Earnings-Related Pension excludes civil servants and seamen, but those workers have separate pension systems.
Public funds finance the National Pension. Contributions from private insurance companies and pension funds finance the statutory Earnings-Related Pension.