How to read your pension record

Your future earnings-related pension is calculated based on the information on your pension record. That is why it is very important that you check your pension record and make sure that your earnings and benefits have been recorded correctly. The information on the pension record comes from the earnings and accrual register of the earnings-related pension system.

The pension record lists your employments in the private and public sector, your periods of self-employment and non-paid periods for which you have earned  a pension. The record also shows how much pension you have earned. Unpaid periods include periods of study leading to a degree, periods of certain social security benefits and periods of child-care (that is, when you take care of your own children under the age of 3 at home).

If  you are an employee, your employer must begin deducting your share of the pension contribution from your wages the month after you turn 17. If you are self-employed, you must begin paying into a pension on the first day of the month after you turn 18.

You can continue working for as long as you like. However, once you reach a certain age, you can no longer pay pension insurance.

Age when you stop paying pension insurance
Year you were born Age when you stop paying pension insurance
1957 or earlier 68
1958-1961 69
1962- 70

Your pension record may also include estimates of your future old-age pension. The assessments do not include the national pension that you may be entitled to.

The pension record does not include information on work you have done abroad for a foreign employer. Nor does it include data on possible supplementary pensions based on your current employment or pension based on a lower retirement age or other voluntary pension insurance.

Contact your pension provider to correct errors

If you find errors or missing data on your pension record, immediately contact your pension provider (that is, the pension provider that issued your pension record). Upon your request, your pension provider will sort out all missing or incorrect data relating to your employments and earnings for the previous six years.

If the error or missing data dates back to more than six years, you have to present written proof (for example, a work contract or pay slips) of the employment and your wages.

If you discover errors in the data on your employment relationship with a municipal, the State, the Church, Kela, the Bank of Finland or a health and social services county, contact Keva.

The pension record presents all data included in the earnings and accrual register. Before 2005, pension accrued as of age 23. Your pension record may include data on work you have done while you were under 23 years (before 2005), but that data has no impact on your pension amount.

Your employer’s name may have changed. The name of your employer on the pension record is usually the name that your employer had when you stopped working for that employer.  If you notice that the name of your employer listed on the record is not the one that your employer used while you were working, but all dates and wage amounts are correct, you do not need to take any action. Your pension will be based on your earnings listed in the register.

Your pension record will include estimates of your old-age pension if your retirement age has been confirmed. Some pension providers present estimates also for younger age groups.

Your pension record estimates how much pension you will receive at

  • your retirement age, and
  • the age at which your insurance obligation ends.

In addition, if you are no more than five years away from your retirement age, your pension record will include an estimate of your old-age pension at your estimated target retirement age.

If you have retired on a disability or an old-age pension, you will no longer receive the printed pension record to your home address. You can check your record online. Your record will include data on your employments without any pension amounts.

If you are getting a partial old-age pension, you will receive the printed pension record to your home address. Your record will include data on your employments without any pension amounts.

Supplementary pensions under the Employees’ Pensions Act (TEL) ended on 31 December 2016. A small number of employers took out voluntary registered TEL supplementary pension insurance for their employees. Since the year 2000, it has no longer been possible to take out this insurance for new employees.

At the end of 2016, when the TEL supplementary pension insurance ended, approximately 56,800 persons had earned a TEL supplementary pension but had not yet retired. Approximately 10 per cent of them are estimated to retire each year.

Since the TEL supplementary pension scheme ended on 31 December 2016, employees who are covered by the scheme no longer accrue new TEL supplementary pension. The TEL supplementary pension that they have accrued up to 31 December 2016 will be paid to them when they retire.

If you are covered by a TEL supplementary pension, your TEL supplementary pension is listed on your pension record. You find information on the TEL supplementary pension on your pension record under the heading ”Lisäeläke” (= supplementary pension).

Other voluntary supplementary pensions than the TEL supplementary pension are not listed on the pension record. They include, for example, supplementary pensions offered by life insurance companies.