Effective Dates: 04/12/2023 - Present Previous | Next

TN 2 (04-23)

GN 01731.015 Coverage and Contributions under the Finnish System

A. Coverage

The National Pension bases coverage on residence in Finland, while the Earnings-Related Pension credits coverage based on a worker's earnings.

1. National Pension (Kansaneläke, KEL)

In general, the National Pension covers all persons who reside in Finland, regardless of nationality.

2. Earnings-Related Pension (Työeläke)

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.

B. Contributions

Public funds finance the National Pension. Contributions from private insurance companies and pension funds finance the statutory Earnings-Related Pension.

To Link to this section - Use this URL:
http://policy.ssa.gov/poms.nsf/lnx/0201731015
GN 01731.015 - Coverage and Contributions under the Finnish System - 04/12/2023
Batch run: 04/12/2023
Rev:04/12/2023