The Finnish Pension System and Its Future Challenges

Abstract A specific feature in the Finnish pension system is rule-based preparation for mortality change. The earned pension capital is adjusted to life expectancy and the lowest age limit of the flexible retirement age will be adapted so that the ratio of expected years in employment and retirement...

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Main Author: Tarmo Valkonen
Format: Article
Language:English
Published: Springer 2020-04-01
Series:Intereconomics
Online Access:https://doi.org/10.1007/s10272-020-0877-1
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author Tarmo Valkonen
author_facet Tarmo Valkonen
author_sort Tarmo Valkonen
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description Abstract A specific feature in the Finnish pension system is rule-based preparation for mortality change. The earned pension capital is adjusted to life expectancy and the lowest age limit of the flexible retirement age will be adapted so that the ratio of expected years in employment and retirement is fixed after year 2030.
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publishDate 2020-04-01
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series Intereconomics
spelling doaj-art-76d6f954465c4ba68fa8cc2ed447fbe62025-01-17T08:34:13ZengSpringerIntereconomics0020-53461613-964X2020-04-01552929610.1007/s10272-020-0877-1The Finnish Pension System and Its Future ChallengesTarmo Valkonen0ETLA Economic ResearchAbstract A specific feature in the Finnish pension system is rule-based preparation for mortality change. The earned pension capital is adjusted to life expectancy and the lowest age limit of the flexible retirement age will be adapted so that the ratio of expected years in employment and retirement is fixed after year 2030.https://doi.org/10.1007/s10272-020-0877-1
spellingShingle Tarmo Valkonen
The Finnish Pension System and Its Future Challenges
Intereconomics
title The Finnish Pension System and Its Future Challenges
title_full The Finnish Pension System and Its Future Challenges
title_fullStr The Finnish Pension System and Its Future Challenges
title_full_unstemmed The Finnish Pension System and Its Future Challenges
title_short The Finnish Pension System and Its Future Challenges
title_sort finnish pension system and its future challenges
url https://doi.org/10.1007/s10272-020-0877-1
work_keys_str_mv AT tarmovalkonen thefinnishpensionsystemanditsfuturechallenges
AT tarmovalkonen finnishpensionsystemanditsfuturechallenges