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Division of Costs in Graphs
and Figures
This slideshow includes central information
on the financing and division of costs of the
earnings-related pension system 3.3.2017
Partially Funded System
FINNISH CENTRE FOR PENSIONS
2
Partial Funding of Pensions Under the
Employees Pensions Act and the Seafarers’
Pensions Act
FINNISH CENTRE FOR PENSIONS
3
Financing of Pensions in Finland
FINNISH CENTRE FOR PENSIONS
4
Last pension provider pays
all pension components
FINNISH CENTRE FOR PENSIONS
5
Division of Costs of Earnings-related
Pensions
FINNISH CENTRE FOR PENSIONS
6
Money Flow of Earnings-related Pensions
in 2015, EUR billion
FINNISH CENTRE FOR PENSIONS
7
TyEL and MEL Pensions in Payment
in 2001–2015
FINNISH CENTRE FOR PENSIONS
8
Pension Expenditure Under YEL and State’s
Share in 1990–2015
FINNISH CENTRE FOR PENSIONS
9
Pension Expenditure Under MYEL and State’s
Share in 1990–2015
FINNISH CENTRE FOR PENSIONS
10
Pension Components Paid Based on Unpaid
Periods in 2006–2015
FINNISH CENTRE FOR PENSIONS
11
Benefits Paid Based on VEKL in 2006–2015
FINNISH CENTRE FOR PENSIONS
12
Contribution to Unemployment Insurance
Fund in Current Values & Unemployment
Rate in 1990–2015
FINNISH CENTRE FOR PENSIONS
13
Pension Assets Under TyEL And MEL by
Division of Costs 2007–2015, per 31. Dec.
FINNISH CENTRE FOR PENSIONS
14
TyEL and MEL Insurance Contribution per
Type of Pension Insurance Provider in 2017
FINNISH CENTRE FOR PENSIONS
15
Earnings-related pension contribution rates
in 2017
FINNISH CENTRE FOR PENSIONS
16
Average TyEL Contribution Components of
Employer Insured in an Earnings-related
Pension Insurance Company in 2017
% of wages
Old-age pension component
3.5
Disability pension component
0.9
Pooled component
19.7
Other components
0.8
Bonuses
Average contribution
-0.5
24.4
Employer’s share
17.95
Employee’s share
6.15/7.65
FINNISH CENTRE FOR PENSIONS
17
Average TEL-/TyEL contribution in 1962–2017
FINNISH CENTRE FOR PENSIONS
18
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