Eläkesanasto Ordlista Pension Glossary

accrual rate

The accrual rate tells you how much your pension funds will grow. As of the beginning of 2017, you will earn pension funds at a rate of 1.5 per cent of your annual gross wages (before tax). That means that for every euro that you earn, your pension funds will grow with 1.5 cents.

During a transition period (from 1 January 2017 to 31 December 2015), you will earn pension funds at a rate of 1.7 per cent of your annual gross wages if you are between 53 and 62  years old.

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