Pension reform took place in 2017 which gradually rises retirement age, standardizes pension contributions and pension accrual and introduces new pension options.
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| 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%. |
Employee contribution percent | |||
|---|---|---|---|
| Age | 2018 | 2017 | 2016 |
| 17–52 years | 6,35 % | 6,15 % | 5,70 % |
| 53–62 years | 7,85 % | 7,65 % | 7,20 % |
| 63–67 years | 6,35 % | 6,15 % | 7,20 % |
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 | 2018 | 2017 | 2016 |
| 18–52 years | 24,10 % | 24,10 % | 23,60 % |
| 53–62 years | 25,60 % | 25,60 % | 25,10 % |
63–67 years | 24,10 % | 24,10 % | 25,10 % |
| Starting entrepreneur (22 % reduction) | |||
| 18–52 years | 18,80 % | 18,80 % | 18,408 % |
| 53–62 years | 19,97 % | 19,97 % | 19,578 % |
| 63–67 years | 18,80 % | 18,80 % | 19,578% |