kansaneläke

Kansaneläke, or national pension, is Finland's basic form of social security for residents with low income and limited pension entitlements. It is paid by the Social Insurance Institution of Finland (Kela) and forms part of the country's basic security (perusturva). The purpose is to guarantee a minimum level of income, especially for pensioners and people with long-term illness or disability who have little or no earnings-related pension.

Eligibility: Kansaneläke is available to people who reside in Finland and have lived in the country for a sufficient period. Eligibility and the amount depend on the applicant's other income and assets. It is means-tested, and the benefit is reduced if the person has other pension income or significant wealth. The entitlement can apply to elderly people and to those with long-term disability or illness, subject to residence requirements. The right to Kansaneläke may also apply to accompanying spouses or partners in certain circumstances.

Amount and supplements: The monthly Kansaneläke is calculated taking into account whether the recipient lives alone or with a partner; the base amount is adjusted for other income, and possible housing support or other supplements may be added if needed. The benefit is taxable.

Administration: Kela administers Kansaneläke. Applicants must apply; Kela assesses residence, age, and income to determine eligibility and amount. Kansaneläke works in tandem with other public pensions and social benefits to ensure a basic standard of living when earnings-related pensions are insufficient.