Eläkesanasto Ordlista Pension Glossary

self-employed person’s pension

If you are self-employed, you have to take out pension insurance with a pension provider of your own choice. The pension insurance provides security not only for old age but also if you become unemployed, disabled or if a wage earner in your family dies. The pension insurance under the Self-employed Persons’ Pensions Act (YEL insurance) secures your income also when you are on a maternity or paternity leave. As a self-employed worker, you determine your own income from self-employment, which your pension provider confirms. Your pension is based on your confirmed income.

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