Finland -Social partners agree on pension reform -November 15, 2014

Parliament will vote on a pension reform agreement that has the support of all employers’ federations as well as of trade union confederations SAK and STTK. Under the proposed system, the pension age will be raised in increments from 63 to 65 years of age for people born after 1955.

Parliament will vote on a pension reform agreement that has the support of all employers’ federations as well as of trade union confederations SAK and STTK, but not of the Confederation of Unions for Professional and Managerial Staff. Under the proposed system, the pension age will be raised in increments from 63 to 65 years of age for people born after 1955. The upper age limit for old-age pension will be five years higher than the earliest eligibility age. Under the deal, workers’ pension accrual will amount to 1.5% of wages between 17 and 65 and earnings-related pension contribution will no longer be deducted from the pensionable wage. The agreement also includes rewards for continuing to work after reaching the earliest eligibility age, a new plan for partial early old-age retirement and early retirement for people working in physically or mentally demanding jobs if they have worked for at least 38 years and are at least 63 years of age.

English: http://www.pardia.fi/in_english ...  

http://www.epsu.org/a/10916

 

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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