Finland\'s new pension legislation

Tiivistelmä

Työeläkejärjestelmää selostetaan englannin kielellä.

Abstract

 Employment Pension Act (1962) stipulated pension benefits for all employees. The organisation was (different from that time global trends) decentralised. Employers could, according to their own consideration, take a pension insurance from an insurance company or establish a pension fund for their own purposes. To facilitate the application a nation-wide central register for earned pension rights was established and the duty of pension granting and paying was given to a pension insurance company or to the fund of the last employer also in the case if the employee had earlier had employment for several employers.