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.”

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