At the beginning of your career, you may feel that retirement is so far away in the future that it is not worth thinking about. However, employment pension contributions are paid from every pay we earn since the age of 17. The employment pension therefore keeps slowly accruing throughout your working life. Pension is also accrued for instance during studies, unemployment and home care for children.<\/p>\n\n\n\n
The Finnish pension system was built so that working people primarily pay the pensions of the retired. Part of the money collected for pensions is, however, transferred to reserves for the future. The system guarantees livelihood in old age as well as in case you are incapable for work.<\/p>\n\n\n\n
\nFamiliarize yourself with pensions already when you are young, as the choices made in your career will affect the amount of your pension.<\/p>\n<\/blockquote>\n\n\n\n
What is employment pension?<\/h3>\n\n\n\n
The basic principle is that employment pension is earned by your own paid work or business. Nowadays, the pension starts to be accrued already at the age of 17. Pension can, however, be also partly accrued from studies and during unemployment, sickness benefit and parenthood allowance<\/a>.<\/p>\n\n\n\n
Learning about the pension system pays off also because working people always pay the majority of the retired people’s pensions with their employment pension contributions. Furthermore it is worth noting that you can already be entitled to disability or survivor’s pensions at a young age. Read more about the difference between employment pension and national pension here<\/a>.<\/p>\n\n\n\n
Other pension benefits<\/h2>\n\n\n\n