työeläkevakuuttajalta

Työeläkevakuuttaja is a Finnish term referring to a pension insurance company that is authorized to administer statutory earnings-related pensions. These companies are responsible for collecting pension contributions from employers and employees, investing these funds, and paying out pension benefits when individuals retire.

The Finnish earnings-related pension system is divided into several branches, and different types of pension insurance companies operate within these branches. Key players include public sector pension providers like Keva, as well as private sector pension insurers such as Ilmarinen, Varma, Elo, and Etera (though Etera merged with Elo in 2017). These companies operate under the supervision of the Finnish Financial Supervisory Authority (Finanssivalvonta).

The primary role of a työeläkevakuuttaja is to ensure the financial stability and solvency of the pension system. They manage large investment portfolios with the aim of generating returns to cover future pension obligations. The earnings-related pension is a defined benefit system, meaning the pension amount is based on the individual's earnings history and the contribution period.

Individuals are typically insured through their employer, who is responsible for deducting contributions and paying them to the designated pension insurance company. Self-employed individuals also contribute to their pension through these companies. The pension insurance company processes applications for various types of pensions, including old-age pensions, disability pensions, and survivor's pensions, and makes decisions regarding eligibility and benefit amounts.