Increasing the effective retirement age: the 2017 pension reform in Finland

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Population in Finland will age faster than in most OECD countries. In order to improve sustainability of the pension system, reforms should be effective as from 2017. The reform package consists of tightening /closing early exit routes, combining a life expectancy coefficient with pension age related to life expectancy and changing accrual rates.

Author: Olli Kangas

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