Increasing the effective retirement age: the 2017 pension reform in Finland

The ESPN Flash Reports are produced by the European Social Policy Network (ESPN) established in 2014 to provide the European Commission with independent information, analysis and expertise on social policies. The topics presented in the Flash Reports are identified by ESPN experts in the light of significant developments in their countries, or in some cases suggested by the Commission.

The ESPN is managed by LISER and APPLICA, with the support of OSE - European Social Observatory. For more information, please visit this website.
Population in Finland will age faster than in most OECD countries. In order to improve sustainability of the pension system, reforms should be effective as from 2017. The reform package consists of tightening /closing early exit routes, combining a life expectancy coefficient with pension age related to life expectancy and changing accrual rates.

Author: Olli Kangas