Finnish public sector pension provider, Keva, has elected a new board for a term of two years at its autumn meeting.

The board has 11 members and personal deputies and the decision on the board was unanimous.

Member of Parliament, Heikki Autto, was elected chair of the board, and communications and personnel director, Diana Bergroth-Lampinen, was elected as vice-chair.

“Finland stands out from many European countries with its strong occupational pension system, which brings stability to the public economy and confidence in the welfare society. It is a great honour to be able to serve Finns at the head of the board of our country's largest occupational pension institution, Keva. Together, we will ensure the sustainability of Finns' pension security and the occupational pension system for future generations as well,” Autto said.

Autto is a member of parliament in his third term and holds a master's degree in administrative sciences.

The task of Keva's board of directors is to generally monitor and guide Keva's operations and to decide on the plan for investing pension funds.

Keva's board of directors is elected by the councillors, the pension institution's highest decision-making body, which has 30 members. The Ministry of Finance appoints the councillors for one municipal election period at a time.

Keva takes care of the pension matters of the municipal sector, welfare areas, the state, the Evangelical Lutheran Church, Kela and the Bank of Finland. Keva has 1.3 million personal customers and approx. 2,000 employer customers. At the end of June, the market value of the investments was €63.2bn. Keva's operations are based on the law and are supervised by the Ministry of Finance, the Financial Supervisory Authority and the National Audit Office.

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