Earnings-related pensions will rise by approximately 1.2 per cent at the beginning of 2020
The Ministry of Social Affairs and Health has confirmed the indexes for earnings-related pension provision for the year 2020.
The earnings-related pension index in 2020 will be 2617. Compared to 2019, the earnings-related pension index will rise by approximately 1.2 per cent. The earnings-related pension index is used to adjust earnings-related pensions in payment. When calculating the earnings-related pension index, the changes in price level weigh 80 per cent and the changes in wage-earners’ income level 20 per cent.
Varma’s electronic employee pension card to be renewed at the end of August
Our electronic employee pension card is now easier to use than before. With the implementation of new technology, the electronic card can now be used without an internet connection. The card is saved to the home screen of a mobile phone or tablet and opens from the icon without signing in. Saving the card works best with Android and iPhone phones and tablets. The electronic card functions as proof of being retired in just the same way as a traditional card sent by post. Therefore, in order to get pensioner discounts, you no longer need to carry with you a separate plastic card once the card is saved on your phone or tablet.
We recommend visiting our eServices to save the new version of the electronic employee pension card as soon as possible, especially if you are already using an electronic card saved before the end of August. The old employee pension card icon will be taken out of use at the beginning of November 2019. After that, the employee pension card can no longer be opened with the old icon. Saving the card is as handy as before. Clear instructions for saving the card can be found on the employee pension card page of our eService. The page is visible to those recipients of a pension who have the right to an employee pension card.