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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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26

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 2017—2021

2017 2018 2019 2020 2021
Total investments (MEUR) 19,586 18,486 20,588 20,964 23,595
Return on investments % 6.6 -3.4 13.8 4.0 14.6
Income from pension contributions (MEUR) 1,427 1,442 1,497 1,509 1,550
Net premiums (MEUR) -401 -417 -396 -423 -391
Transfer to state budget (MEUR) 1,827 1,859 1,894 1,931 1,941
Pension liability (MEUR) 92,600 92,100 92,700 93,100 93,300
Funding ratio % 21 20 22 23 25

EN Q4 2021 16

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key figures

40%

The pensions to be paid out by the state are included in the government budget to which VER transfers an amount equivalent to 40 per cent of the annual pension expenditure.

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© The State Pension Fund 2015