Average monthly pension estimated at €1680

The monthly pension of more than half of the pensioners is below 1,500 euros,,according to the Finnish Centre for Pensions.

Seven per cent get a monthly pension that is higher than 3,000 euros.

About 33 percent of the total population of the age of over 16 in Finland are pensioners.

The average monthly pension in 2018 in Finland was 1,680 euros, which is 20 euros more than in 2017. The median pension was 1,459 euros per month, or 20 euros more than in 2017.

Nearly 40 per cent of the pensioners got a pension that was less than 1,250 euros per month. Two out of three of them were women. Seven per cent of the pensioners got a high monthly pension (more than €3,000). A clear majority of them were men.

“Men continue to dominate the statistics of recipients of high pensions. Of the decile getting the highest pensions, women count for slightly less than one third. The situation has been the same for the last ten years”, said Tiina Palotie-Heino, statistics manager at the Finnish Centre for Pensions.

In 2018, men got an average monthly pension of 1,898 euros and women 1,499 euros (20% less).

The data is per year-end 2018 and based on joint statistics of the Finnish Centre for Pensions and Kela.