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The State Pension Fund of Finland

The State Pension Fund of Finland (VER) was established in 1990 to balance state pension expenditure. VER invests pension assets and helps the state to prepare for financing future pensions. VER is a long-term investor characterised by a high standard of professionalism and an ethical code of conduct. VER operates as part of the prefunded Finnish pension system.

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28

government officials in permanent positions

at the State Pension Fund.

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VER as an Organisation

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 2021—2025

2021 2022 2023 2024 2025
Total investments (MEUR) 23,595 21,604 22,802 24,240 25,760
Return on investments % 14.6 -6.8 7.7 9.0 9.3
Income from pension contributions (MEUR) 1,550 1,610 1,679 1,709 1,656
Net premiums (MEUR) -391 -372 -437 -565 -695
Transfer to state budget (MEUR) 1,941 1,982 2,116 2,274 2,350
Pension liability (MEUR) 93,300 97,000 101,000 101,000 97,800
Funding ratio % 25 22 23 24 27

VERs net premium income (MEUR)

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key figures

42%

The pensions to be paid out by the state are included in the government budget to which VER transferred an amount equivalent to 42 per cent of the annual pension expenditure in 2025.

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