Average pension in Finland nearly €2,000

The average monthly pension for Finns in 2023 was 1,977 euros. In 2022, it was 1,845 euros. In 2023, the median monthly pension was 1,736 euros.

Despite the rising average pension, more than 60 per cent of the pensioners in Finland receive a monthly pension of less than 2,000 euros. They number almost one million.

“High pensions are still rare. In 2023, for example, around 2 per cent of pension recipients received a monthly pension of more than 5,000 euros in 2023. Most of them were men”, says Statistics Planner Joonas Hautamäki of the Finnish Centre for Pensions.

In 2023, the average monthly pension was 2,216 euros for men and 1,779 euros for women. The gender gap in pensions remained unchanged compared to 2022.

Pension gaps, also for men and women, reflect the person’s working life, the length and career of the pension recipient, and the level of wages.

What is the average pension?

The average pension is the average total pension of pension recipients living in Finland. It includes the earnings-related pension, the national pension, comparable special pensions and the guarantee pension received by the recipient.

The data exclude persons who receive a part-time pension, a partial old-age pension or only a survivors’ pension.

Pension income is in gross amounts.

The data are based on joint statistics from the Finnish Centre for Pensions and Kela.

This news is an abbreviation of the bulletin published by the Finnish Centre for Pensions on 27 March 2024: Average pension in Finland nearly €2,000

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