Hyötyeläke

Hyötyeläke is a Finnish term that translates to "benefit pension" or "occupational pension." It refers to a pension that is earned through employment and is typically provided by an employer, either directly or through an insurance company. These pensions are a significant part of the Finnish social security system, supplementing the state-provided earnings-related pension.

There are different types of benefit pensions in Finland, often linked to specific occupational groups or collective agreements. The goal of a benefit pension is to ensure that individuals have a sufficient income in retirement, in addition to their basic pension. Contributions to benefit pensions are usually shared between the employer and the employee. The amount of the benefit pension depends on factors such as the employee's salary, length of service, and the specific terms of the pension scheme.

The Finnish legislation governing occupational pensions is comprehensive, aiming to provide security and fairness for all workers. These schemes are designed to be a reliable source of income during retirement years, contributing to the overall well-being of the elderly population. Benefit pensions play a crucial role in maintaining living standards after a person has stopped working.