Accrued pension entitlements stood at EUR 838 billion at the end of 2020

According to Statistics Finland, the accrued pension entitlements of Finland’s statutory earnings-related pension scheme stood at EUR 837.7 billion at the end of 2020 with a real discount rate assumption of two per cent, or 352 per cent relative to gross domestic product. From 2019, pension entitlements grew by EUR 15.9 billion. The pension entitlements of the earnings-related pension scheme of private branches were EUR 571.5 billion and those of public branches were EUR 266.2 billion.