kansaneläkejärjestelmän

The Kansaneläkejärjestelmä, often translated as the National Pension System, is a fundamental pillar of Finland's social security. It provides a basic pension for all residents of Finland, regardless of their work history. This system aims to ensure a minimum level of income security for everyone, particularly for those who have not accumulated significant earnings-related pension entitlements. The Kansaneläkejärjestelmä is primarily funded through taxes, distinguishing it from earnings-related pension schemes that are financed through contributions.

Eligibility for the Kansaneläkejärjestelmä is generally based on residency in Finland. It provides several types of benefits, including old-age pensions, disability pensions, and survivor's pensions. These benefits are designed to supplement other income sources and to provide a safety net against poverty in old age or in situations of reduced work capacity. The system is administered by Kela, the Social Insurance Institution of Finland. While it offers a foundational level of support, most Finns also participate in earnings-related pension schemes through their employment, which provide additional income in retirement. The Kansaneläkejärjestelmä plays a crucial role in achieving a more equitable distribution of income and social well-being across the Finnish population.