Pensions|When comparing the reliability of the administration of pension systems, Finland ranked first.
Finland the pension system is ranked seventh in the international Mercer CFA Institute Global Pension Index comparison, says Pension Security Center. Finland’s ranking dropped one place from last year.
The Mercer comparison scores the pension systems of different countries from the point of view of the adequacy of pensions, the sustainability of the system and the reliability of the administration.
The Netherlands, Iceland and Denmark ranked at the top of the comparison. Israel, Singapore and Australia also edged ahead of Finland in the comparison.
In addition to the countries mentioned above, Norway, Chile and Sweden also reached the top ten of the comparison.
When comparing the reliability of the administration of pension systems, Finland ranked first in the comparison.
When comparing the reliability of the administration, Mercer evaluates, among other things, the regulation of the pension system, securing pension benefits, customer communication and operating costs.
Pensions when comparing adequacy, Finland ranked 13th. When comparing system sustainability, Finland ranked 12th.
Finland’s total score this year was 75.9. Last year, the Finnish pension system received 76.6 points.
Finland’s score fell clearly when looking at the sustainability of the pension system.
“Finland’s score for the adequacy of pensions is still quite good this year, 77 points out of 100. It’s a little less than last year, but the scores still clearly show that our pension system provides a reasonable income for the pensioner”, contact manager Mika Vidlund says the Pension Security Agency’s announcement.