On August 29, the six-party coalition led by Jyrki Katainen adopted a €10bn reform package designed to ensure the viability of Finland’s pension system, reports Helsingin Sanomat.
The package will notably incude measures to raise the average retirement age from its current level of 60.9 years to 62.4 years by 2025, increase local taxes, and merge certain municipalities.
It will also usher in the equal division of family benefits between both parents so as to encourage mothers to return to work, and reduce the duration of student grants, but without cutting their overall value.
Was this article useful? If so we are delighted!
It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.
Discover our subscription offers and their exclusive benefits and become a member of our community now!