Työeläkemaksuja

Työeläkemaksuja are contributions made towards the Finnish earnings-related pension system. These mandatory payments are levied on both employees and employers. The purpose of these contributions is to fund the statutory pension benefits that individuals accrue during their working lives. The contributions are calculated as a percentage of an employee's earnings. The employer typically pays a larger portion of the contribution than the employee, with the exact percentages varying based on factors such as the employee's age and whether they are a wage earner or a self-employed person.

The collected työeläkemaksuja are managed by pension insurance companies and the Social Insurance Institution of Finland (Kela). These funds are then invested to ensure the long-term solvency of the pension system. The accrued pension capital forms the basis for the pension an individual will receive upon retirement. The contribution rates are reviewed periodically by the Ministry of Social Affairs and Health to ensure the system remains financially sustainable and can meet its future obligations. Työeläkemaksuja are a fundamental component of Finland's social security, providing a safety net for old age and ensuring a basic level of income security for retirees.