The number of Finnish earnings-related pension recipients living in Estonia has increased by 400 per cent over the past 10 years, an analysis by the Finnish Centre for Pensions (ETK) has found.

ETK statistics planner, Joonas Hautamäki, produces an annual analysis on Finnish earnings-related pension recipients that shows the number of recipients in Estonia has increased from 400 a decade ago to 4,500 now.

He said that most of these are Estonians who have accrued earnings-related pensions in Finland, while some are Finns who have moved to Estonia.

In total, around 35,000 (2 per cent of total earnings-related pensions paid) people residing outside of Finland receive an earnings-related pension.

Although Sweden is the country where most of these are paid due to migration in previous decades, the number has been falling steadily in recent years. In 2023, around 15,000 persons residing in Sweden were paid an earnings-related pension from Finland but 10 years ago this figure was 19,000.

Regarding other countries, Spain is the most popular Mediterranean country with almost 2,000 people residing in Spain receiving an earnings-related pension from Finland. Around 700 pension recipients reside in France and 300 in Italy.

However, the majority of recipients reside in Finland, Hautamäki said.

“In 2023, about 1.5 million earnings-related pension recipients resided in Finland. In other words, about one-third of the adult population is retired. About 90 per cent of all earnings-related pension recipients received an old-age pension,” he said.

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