Eläkeetuuksia

Eläkeetuuksia refers to pension benefits in Finnish. These benefits are designed to provide financial support to individuals after they have retired from working life. The Finnish pension system is primarily composed of two main pillars: the earnings-related pension and the basic pension.

The earnings-related pension is funded by contributions from both employees and employers, as well as self-employed individuals. The amount of earnings-related pension is based on an individual's lifetime earnings and the pension accrual rate applied. This system aims to ensure that retirees receive a pension that reflects their work history and income levels.

The basic pension, on the other hand, is a statutory pension provided by Kela, the Social Insurance Institution of Finland. It is intended to guarantee a minimum level of income for all residents, regardless of their work history. Eligibility for the basic pension is based on residency in Finland and is subject to certain conditions.

In addition to these main types, there are also supplementary pension schemes and voluntary savings options that individuals can utilize to further supplement their retirement income. These additional benefits can be provided by employers or established through personal savings. The overall goal of eläkeetuuksia is to ensure economic security for individuals during their retirement years.