Eläkelaislaki

Eläkelaislaki refers to Finnish legislation pertaining to pensions and retirement. This encompasses a broad range of laws governing the rights and obligations of individuals regarding their pension provision, both statutory and voluntary. The primary legislation in this area is the TyEL (Työeläkelaki), which covers employees and employers. This law establishes the framework for earnings-related pensions, financed by contributions from both parties. It dictates the conditions for accrual of pension rights, retirement age, and the calculation of pension benefits.

Beyond TyEL, there are other laws that complement the pension system. For instance, YEL (Yrittäjän eläkelaki) governs self-employed individuals, ensuring they also have access to earnings-related pensions. Special pension laws exist for certain occupational groups, such as civil servants and artists. The Finnish pension system is designed to provide income security in old age, disability, or upon the death of a breadwinner. Amendments to these laws are periodically made to adapt to demographic changes and economic conditions, ensuring the sustainability and adequacy of the pension system. The Ministry of Social Affairs and Health is the central authority responsible for overseeing pension legislation and policy in Finland.