Employees’ right to an earnings-related pension is set up in law. The Customer Information Department and Supervisory Department of the Finnish Centre for Pensions make sure that you, as the employer, take out pension insurance for your employees.
If you neglect to take out insurance for your employees, the Finnish Centre for Pensions will order you to insured your employees. If you fail to do so, the Finnish Centre for Pensions will take out insurance for your employees on your behalf and at your expense. Alternatively, if you are an occasional employer, it will notify a pension insurance company of your insurance data. The insurance contribution charged for the period that you have neglected to take out insurance can be doubled.
If you are self-employed and meet the requirements of the Self-employed Persons’ Pensions Act (YEL) but fail to take out insurance for yourself, the Finnish Centre for Pensions will order you to take out insurance. If you fail to take out insurance, the Finnish Centre for Pensions will take out insurance on your behalf and at your expense.
Together with other authorities, the Finnish Centre for Pensions supervises insurance.
Check the data on your pension record
Your pension record shows for which work you have accrued pension and how much pension you have earned. Check that data on your pension record on a regular basis. When you retire, your pension amount will be calculated based on the register data presented on your pension record.
If you suspect that you have not been insured properly for pension, check your pension record first. Your online pension record presents the most recent and comprehensive data on your earned pension.