työeläkkeenä

Työeläke is a term used in Finland to refer to a pension earned through employment. It is a defined contribution pension system, meaning that the amount of pension an individual receives is based on the contributions made by both the employee and the employer during their working years. These contributions are invested, and the returns on these investments also contribute to the final pension amount.

The Finnish work pension system is mandatory for most employees and self-employed individuals. Contributions are typically a percentage of the individual's earnings, with the rate varying based on age. The system is managed by several pension providers, and individuals can choose their preferred provider.

There are different types of work pensions in Finland, including old-age pensions, disability pensions, and survivor pensions. An old-age pension is received upon reaching the statutory retirement age, which is gradually increasing. A disability pension is granted if an individual's ability to work is permanently reduced due to illness or injury. Survivor pensions are paid to the surviving spouse or children of a deceased insured person.

The work pension system is a cornerstone of Finland's social security, aiming to provide financial security for individuals during their retirement, disability, or after the loss of a breadwinner. The system is regulated by law and is subject to ongoing reforms to ensure its long-term sustainability.