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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

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