Few people has been able to avoid hearing, that the finns have a reason to stay still later retirement, in order to work work more more and money sufficient for the payment of pensions.
in the opposite direction seemed, however, that the 2005 pension reform in the Finnish retirement age was lowered from 65 to 63 years.
the 2005 pension reform was calculated on that part of the finns would continue to work to 68 years. This was the so-called ‘ super accrual rate of that pension will rise clearly, if you work hard to keep 63-67-year-old.
the impact of the Reform sorted out the Which Kanninen and Terhi Ravaska the wage earners of the research institute say that financial incentives was the significance of people’s decisions, however, surprisingly low, when you compare the retirement age change impacts.
– it Is surprising that the impact of the reform on the majority of came from the fact that the old age pension age limit changed from 65 to 63, research coordinator, Kanninen said.
Almost 15 years ago, the reform will affect Finnish retirement age any further, due to retirement, still age, with retirement age reform as a result of lower than 65 years.
the 2005 pension reform followed in 2017 reform, which will raise in the next few years the Finnish retirement age gradually.
baby boomers benefited
senior researcher Terhi Ravaska said a dramatic change for that many well-to-do finns took in 2005 after the reform of the focal point of the new minimum age of 63 years.
according to Her higher-income Finnish retirement moved quickly from 65 to 63 years, which became the new norm and a way to retire.
If you should be used in favor of research, would not make such a reform.
a senior researcher Terhi Ravaska
the Reform benefited from the baby boomers, for the year 1942 born were the first who reduced, 63 years of age on.
the researchers review the retirement age for the calculation of two years.
If the retirement age was left to the 65, the retirement age would have been higher after the reform. Retirement age increase was the goal, and so far the reform had the opposite objective, Kanninen said.
Ravaska said that in many European countries at the time was the objective to raise the retirement age, when Finland was calculated for it.
– Should have realized that the reform will help especially good income. Of course, if there has been a belief that financial incentives make people work longer, it could be justified, but it was error in the assessment, Terhi Ravaska said.
– If should be used in favor of research, would not make such a reform. Incentives would not be entrusted with so much and should think about the age limit.
raising the Retirement age the most impressive way of lengthening working careers
the researchers found that the majority of people postponed retirement, when the accrual rate to improve, but part of the early retirement, since the monthly pension increased. In 2005, following the reform of old-age pension from 63 years of age without that varhennus deductions to cut their pensions, as before the reform the same age would have happened.
researchers emphasize that the age of retirement discount change in control, however people a lot more.
An amount that is realistic opportunities, not as important as is the desired belief.
a senior researcher Terhi Ravaska
Ravaska said that if you give people a lot of money, they would continue to work, but raising the retirement age is a more impressive way.
– A sum like that, which is realistic opportunities, not as important as it is to believe, Ravaska said.
the likelihood of continued work drops according to the researchers, also the fact that wealth is a lot.
– What more prosperous people are, the less people want to work. But the more people get paid, the more they want to do the work. This is partly contradictory, Kanninen pictures.
Even if the 2005 reform bill to the lowest retirement age, Finnish retirement become my still. This direction was affected by the reform of other changes, such as the individual early retirement scheme termination and unemployment in the pipe raising the age of.
in the Same direction also took early retirement to increase the retirement age from 60 to 62 years. Previously, the number of finns retire at 60 or 65 years of age, which the 2005 reform changed.
Kanninen and Ravaskan made by the report was commissioned by the wage earners of the research institute the Finnish pension alliance Tela. The survey used the centre for Pensions and Statistics finland’s materials.
Subscribe Yle newsletters!
Get Overeating the best content straight to your inbox!
Proceed to order
