Pension reform took place in 2017 which gradually rises retirement age, standardized standardizes pension accrual and introduced introduces new pension options.
This guide goes through what the pension reform contains and how it affects pension accumulation.
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| Age | Employee contribution percent |
|---|---|
| 17–52 years | 6,15 % |
| 53–62 years | 7,65 % |
| 63–67 years | 6,15 % |
Contribution as an entrepreneur
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| Info |
|---|
| The pension reform includes a transition period 2017-2025 and during that period all people aged from 53 to 62 have 1,5 percent higher contribution rate. Also their pension accrual rate is 1,7 % instead of 1,5%. |
| YEL payment percentages | |
|---|---|
| Age | YEL payment |
| 18–52 years | 24,10 % |
| 53–62 years | 25,60 % |
63–67 years | 24,10 % |
| Starting entrepreneur (22 % reduction) | |
| 18–52 years | 18,80 % |
| 53–62 years | 19,97 % |
| 63–67 years | 18,80 % |
Pension accrual
Retirement age
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