VER as an Organisation
Established in 1990, the State Pension Fund (VER) is an off-budget entity. Through the Fund, the state prepares to finance future pensions and balance pension expenditure over time.
Premiums are paid to the State Pension Fund by the employers and employees covered by the state pension system. All state pensions are paid out of the appropriations allocated for this purpose in the government budget.
Key Figures 2014—2018
| |
2014 |
2015 |
2016 |
2017 |
2018 |
| Total investments (MEUR) |
17,600 |
17,853 |
18,767 |
19,586 |
18,486 |
| Return on investments % |
7.8 |
4.9 |
6.7 |
6.6 |
-3.4 |
| Cost of investments operations (% of average capital) |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
| Income from pension contributions (MEUR) |
1,732 |
1,659 |
1,498 |
1,427 |
1,425 |
| Net premiums (MEUR) |
4 |
-604 |
-292 |
-401 |
-434 |
| Transfer to state budget (MEUR) |
1,728 |
2,263 |
1,1790 |
1,827 |
1,859 |
| Pension liability (MEUR) |
95,400 |
95,700 |
93,000 |
92,600 |
92,100 |
| Funding ratio % |
18 |
19 |
20 |
21 |
20 |