kansaneläkeestä

Kansaneläke is a basic pension scheme in Finland. It is intended to provide a minimum income for all Finnish residents, ensuring a basic standard of living for those who are unable to earn a sufficient pension through their work history. The kansaneläke system is managed by Kela, the Social Insurance Institution of Finland.

Eligibility for kansaneläke is based on residency in Finland. Both Finnish citizens and foreigners residing in Finland are generally eligible. The amount of kansaneläke received depends on factors such as the recipient's income from other sources, such as a statutory earnings-related pension, and their marital status. It is a supplementary pension, meaning it is paid in addition to any other pensions one might be entitled to.

The purpose of kansaneläke is to guarantee a basic income for everyone, regardless of their employment history. It plays a crucial role in Finland's social security system, aiming to reduce poverty and ensure economic security for the elderly and other eligible individuals. The system is funded through taxation and social insurance contributions. Adjustments to the kansaneläke amount are made annually to account for inflation.