Accrued pension entitlements stood at EUR 822 billion at the end of 2019

According to Statistics Finland, the accrued pension entitlements of Finland’s statutory earnings-related pension scheme stood at EUR 821.8 billion, or 343 % elative to gross domestic product, at the end of 2019 with a real discount rate assumption of two per cent. The pension entitlements grew by EUR 21.3 billion from 2018. The pension entitlements of the earnings-related pension scheme of private branches were EUR 558.5 billion and those of public branches were EUR 263.3 billion.