Pension

When you work, a pension insurance contribution is paid from your pay. This means that you accrue your future pension by working. You can receive your earnings-related pension once you are old enough to retire. Sometimes people become incapacitated and can no longer work and receive pay. You can also receive a pension due to your spouse’s or parent’s death.

Your pension begins to accrue when you are 17 years old and a pension insurance contribution will be deducted from your salary.

If your accrued pension is low or you have not received any pay, you can receive a national pension paid by Kela and, possibly, also a guarantee pension.

Your employer will take care of your pension insurance contributions

Pension insurance is a mandatory insurance. Your employer takes out the insurance for you. All pay that you receive from any employer accrues your pension. Your employer will deduct the pension insurance contribution from all your wages. This deduction is specified on your payslip.

If you are self-employed, you must take out a self-employed person’s pension insurance policy.

Even if you change jobs or become self-employed or vice versa, information about your accrued pension will remain in the registers of pension providers and the Finnish Centre for Pensions. You can check your accrued pension from your pension record.

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