eläkekertymästä

Eläkekertymä refers to the accumulated pension entitlement that an individual earns over their working life in Finland. This amount is calculated based on the earnings subject to pension contributions during different periods of employment. The Finnish pension system, primarily based on earnings-related pensions, accrues a percentage of these earnings annually. For example, individuals born between 1950 and 1962 accrue 1.5% of their annual pensionable earnings, while those born after 1965 accrue 1.7% up to the age of 52, and 1.7% again from 53 to 62. After the age of 63, the accrual rate is 1.7%. This accrued amount forms the basis for the future pension benefit.

The eläkekertymä is a dynamic figure, increasing with each year of employment and contribution. It is adjusted annually with a wage coefficient, which accounts for inflation and wage development, ensuring that the value of the accrued pension keeps pace with the cost of living and general wage levels. This concept is crucial for individuals planning their retirement, as it provides a tangible measure of their future pension income. Pension providers, such as Eläketurvakeskus (Finnish Centre for Pensions) and various pension insurance companies, manage and calculate these entitlements. Individuals can typically access information about their eläkekertymä through online services provided by their pension provider.