Peruseläkeikäisten

Peruseläkeikäisten is a Finnish term that translates to "basic pension-aged" or "minimum pensionable age." It refers to the age at which an individual becomes eligible to receive a basic pension in Finland, which is a foundational component of the Finnish social security system. This age is not fixed but is linked to the retirement age of individuals born in a particular year. The basic pension is intended to provide a safety net and ensure a minimum level of income for all residents in old age, regardless of their employment history.

The eligibility for the basic pension is primarily based on residency in Finland. Individuals who have resided in Finland for a sufficient period can qualify for the basic pension upon reaching the basic pensionable age. This pension is not earnings-related and is paid out by Kela, the Social Insurance Institution of Finland. The amount of the basic pension is standardized, although it can be affected by other pensions received and the individual's income. It plays a crucial role in the Finnish welfare state by guaranteeing a basic income for everyone in their retirement years, contributing to social equity and security. The concept is integral to understanding the Finnish pension system and its commitment to providing for its elderly citizens.