Eläkemaksuilla

Eläkemaksuilla refers to pension contributions in Finnish. These contributions are mandatory payments made by both employees and employers, and in some cases, by the self-employed, to fund the statutory earnings-related pension system. The purpose of these payments is to ensure that individuals receive a pension in old age, and also to cover disability and survivor pensions.

The level of eläkemaksuilla is determined by legislation and can vary based on factors such as age and the sector of employment. Employers typically pay a larger portion of the total contribution than employees. For the self-employed, the contribution is usually calculated as a percentage of their earned income. The collected contributions are managed by pension providers, such as insurance companies and pension institutions, which then pay out pensions according to the accumulated rights.

The Finnish pension system is a pay-as-you-go system, meaning that current contributions are primarily used to pay current pension benefits. However, it also incorporates a funded element, where a portion of contributions is invested to secure future pension payments. Changes in the economy, demographics, and the pension system itself can influence the level of eläkemaksuilla over time. The system is designed to be sustainable and to provide a reasonable level of income security for pensioners.