Finland -Agreement on measures that will extend work careers -April 3, 2012

Trade union confederations and employers have agreed on the work career agreement prior to a meeting where the government was due to make (and also made) decisions on a budget framework for several years to come. The agreement raises pension contributions - paid by both employers and employees - in 2015 and again in 2016. The contributions to be paid by both parties (employers and employees) are set to rise in these consecutive years by 0.4 percentage points. The increases are necessary to safeguard the financing of future earnings-based pensions. Employers wanted to lift the minimum age of retirement from the present 63 years to 65 years. This 63-year minimum age remains untouched in the agreement but the reform package will make it, in two other ways, more difficult to become a pensioner. The option to become an old-age pensioner prematurely will be closed in 2014 and the minimum age for part-time pension will be raised from the present 60 years to 61 years in 2015.



This article was published in the Collective Bargaining Newsletter. It aims to facilitate information exchange between trade unions and to support the work of ETUC's collective bargaining committee. For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) or the communications officer at the ETUI, Mariya Nikolova All rights reserved. The ETUI is not responsible for the content of external internet sites.

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