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Description

Finland has a diversified pension system.Total pension expenditure in Finland consists of pensions paid from several different schemes, by several different organisations. Earnings-related pensions are paid, for private-sector employees, by earnings-related pension providers, funds and foundations, and for public-sector employees, by public-sector pension providers. Pensions from the national pensions system are paid by Kela. Pensions payable under motor insurance and employment accident plans and under the Military Injuries Act and the Act Concerning Injuries Sustained in Military Service (referred to collectively by the Finnish acronym SOLITA) are included in the total pension expenditure.

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