‘Reforms to cover an entire lifetime’

Published on 30 August 2013 at 11:28

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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.

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