Eläkesanasto Ordlista Pension Glossary

increased pension contribution

Following the pension reform in 2017, you have to pay a higher earnings-related pension contribution during a transition period if you are an employee or a self-employed worker aged between 53 and 62 years. The transition period lasts from 1 January 2017 to 31 December 2025. The contribution rate is 1.5 percentage points higher than the general contribution rate for employees.

Correspondingly, you will earn pension funds at a higher accrual rate if you have turned 53 years.

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