Lisäeläkejärjestelmät

Lisäeläkejärjestelmät, often translated as supplementary pension schemes, are voluntary or employer-sponsored programs designed to provide individuals with additional income during retirement beyond the statutory pension. These systems aim to supplement the basic earnings-related pension and the basic pension provided by the national social security system. They can take various forms, including defined contribution plans where contributions are invested and future benefits depend on investment performance, and defined benefit plans where the retirement benefit is predetermined.

In Finland, for instance, supplementary pension schemes are typically offered by employers as part of their employee benefits package. These can be collective agreements or individual plans. The purpose is to help employees secure a more comfortable financial situation in their old age, accounting for potential shortfalls in public pension coverage or the desire for a higher standard of living post-employment. Contributions to these schemes can be made by the employer, the employee, or jointly. Tax incentives often exist to encourage participation and contributions. The specific rules, contribution levels, and benefit calculations vary significantly depending on the type of supplementary pension scheme and the provider. Understanding the terms and conditions of any supplementary pension plan is crucial for individuals to effectively plan their retirement finances.