Eläkejärjestäjät

Eläkejärjestäjät are entities responsible for managing and paying out pensions in Finland. These organizations play a crucial role in the Finnish social security system. The primary types of pension providers include statutory pension insurance companies (työeläkevakuutusyhtiöt), the Social Insurance Institution of Finland (Kela) for certain national pensions, and separate pension funds for specific sectors or companies.

Statutory pension insurance companies are mutual or limited companies that administer earnings-related pensions. Employers are legally obligated to insure their employees with these companies, and contributions are paid by both employers and employees. These companies invest the contributions to ensure future pension payments. Kela, on the other hand, manages earnings-related pensions for entrepreneurs, self-employed individuals, and those with gaps in their employment history, as well as providing basic pensions and other social benefits.

Additionally, some larger companies and public sector entities have their own internal pension funds or foundations, which manage and pay pensions for their employees. The Finnish Centre for Pensions (Eläketurvakeskus) acts as a central coordinating body for the statutory earnings-related pension system, providing information, guidance, and statistics, and overseeing the solvency of the pension providers. The Finnish pension system is designed to be sustainable and provide adequate income security for retirees.