Increase in Finnish pensioners working alongside pension – Keva

There has been an increase in the percentage of Finnish pensioners working alongside withdrawing their pension, according to research by Keva.

A survey of 4,000 Finns between September-October found that 18 per cent of participants do some form of work in addition to drawing their pension; 5 per cent work full time and 13 per cent work part time. This figure varies amongst the regions; in Lapland it is as high as 41 per cent.

In addition, an increasing number of respondents, 19 per cent, said they had looked for a job while retired. In comparison, a year ago, 14 per cent of pensioner respondents said they were working, and 12 per cent of pensioners said they had applied for a job.

According to the research, 33 per cent of pensioners said they have received job offers. In addition, 65 per cent of pensioners find employment services aimed at pensioners useful. Of the respondents, 30 per cent said they are ready to register as a job seeker with a job placement service.

Commenting, Keva expert, Ismo Kainulainen, said: “This is surprising news and reveals the great amount of interest pensioners have for job opportunities. The labour shortage seems to lead to a demand for various pensioner job transfer mechanisms.

“Based on Keva's studies, we already know that retired working in the public sector is already relatively common, for example in the nursing and teaching sectors, where one in four say that they work in addition to their old-age pension. In my opinion, quite well-established job placement mechanisms have been formed in these fields in terms of how work and various ‘short gigs’ are offered to retired industry professionals.”

    Share Story:

Recent Stories


Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.

In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.

Podcast - The power of three: Using Common Contractual Funds to improve tax outcomes for investors
Large asset owners are still investing in equities in a way where they are taxed on their income. The implication is that they get a poorer return. They need to, and can, improve this, but how?

In this podcast, AMX Head of Client and Manager Development, Aaron Overy, and AMX Product Tax Specialist, Kevin Duggan, discuss with European Pensions Editor, Natalie Tuck, about three options to help ensure good withholding tax outcomes for institutional investors.

Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows