AMWatch

Finland's prime minister proposes major shakeup of the country's EUR 211bn occupational pensions system

Over the past week Finnish politicians and the country’s occupational pensions sector have engaged in a fiery debate on a potential transfer of assets from the country's EUR 211bn occupational pension scheme to top up the pensions of women, who have lost pension accrual whilst staying at home with young children before system was revamped in 2005.

In a parliamentary session, Finland's Prime Minister Antti Rinne of the Social Democratic Party proposed for EUR 200-300m to be transferred annually from occupational pension funds towards the pensions of "hardworking women with a long labor history but meagre pensions". | Photo: Jonathan Nackstrand/AFP/Ritzau Scanpix/AFP / AFP

Sari Sarkomaa, the Vice Chair of the Parliamentary Group of Finland's National Coalition Party is calling for Prime Minister Antti Rinne to name the experts whose opinions he cited last week when suggesting that money could be transferred from occupational pension funds.

In a parliamentary session, Prime Minister Rinne of the Social Democratic Party proposed for EUR 200-300m to be transferred annually from occupational pension funds towards the pensions of "hardworking women with a long labor history but meagre pensions". The prime minister claims it is possible to "correct" the pensions of these women without endangering the occupational pensions system.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

New paper slams model portfolio boom for conflict of interest

So-called model portfolios -- off-the-shelf investment strategies often comprising bundles of ETFs -- are ridden with conflicts of interest, according a trio of academics, including Associate Professor from the Norwegian School of Economics Nataliya Gerasimova.

Further reading

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch