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Pension protection in Finland

The Finnish pension system is divided into two separate subsections – statutory earnings-related pension insurance and national pension insurance.

Earnings-related pensions is accrued in every employment, whether you are an employee or self-employed. Employers are required by law to take out a pension insurance policy for their employees. Entrepreneurs are responsible for insuring themselves through pension insurance for self-employed. The purpose of the pension is to guarantee you a reasonable income when you are retired.

If your earnings-related pension is small or if you have not had income from work, you may get a national or a guarantee pension paid by the Social Insurance Institution of Finland (Kela).

In addition to statutory pensions, you may also have voluntary pension insurances.

Your pension record shows how much pension you have earned

A pension record is a list of your employments from which you have accrued earnings-related pension. Its purpose is to keep you up-to-date on your work history and the pension that has been accrued. The record allows you to review the information and respond to deficiencies and errors as quickly as possible. When the information on the pension record is correct, your pension security is in order.

You receive the pension record by mail every three years. You can also choose an electronic statement to be able to check the information whenever you want.

Find out more about the pension record on the www.tyoelake.fi website.