Eläkekassaan

Eläkekassaan refers to a pension fund in Finland. These funds play a crucial role in managing and distributing earnings-related pensions. The Finnish pension system is a combination of statutory earnings-related pensions and a basic pension. Eläkekassat are private, non-profit entities that are responsible for funding and administering these earnings-related pensions for their members. They collect contributions from employers and employees and invest these funds to ensure they can meet future pension obligations. The supervision of eläkekassat is carried out by the Finnish Financial Supervisory Authority (FIN-FSA). Their primary objective is to secure the pension benefits for their policyholders. The system is designed to be sustainable, with regulations in place to ensure the solvency and proper functioning of these pension funds. Eläkekassat are a fundamental component of the Finnish social security system, providing financial security for individuals upon retirement.