Finland: social partners can’t agree on solutions to guarantee the future of pensions

Work longer in exchange for better standards of living at work. Faced with the outcry caused by its decision to bring retirement age from 63 to 65 (see our dispatch No. 090251), Prime Minister Matti Vanhanen accepted to renegotiate this project provided that the social partners presented “probable” proposals to extend careers in the long run. The EK employers’ organization and the SAK, Akava and STTK union confederations agreed that a joint work group would prepare, under the care of Jukka Rantala, Director of the Central Pension Fund (Eläketurvakeskus), tracks to postpone effective retirement age with the aim of increasing average retirement age (in 2008, it was 59.4) by at least three years by 2025. Meanwhile, another group was created, at the initiative of the social partners, headed by Jukka Athela (EK) to think about a way to improve professional standards of living to allow employees to get through the end of their career under the best possible conditions.
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ment age with the aim of increasing average retirement age (in 2008, it was 59.4) by at least three years by 2025. Meanwhile, another group was created, at the initiative of the social partners, headed by Jukka Athela (EK) to think about a way to improve professional standards of living to allow employees to get through the end of their career under the best possible conditions.

Positive results for the negotiation on working conditions. After 11 months of debate, only Athela’s group managed to

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