Finland is among the first welfare states in the world where a significant proportion of the population is aged. Aging population is and remains a big policy issue in Finland. [Please keep reading: article continues after data.]
Most recently, a project was commissioned by the Prime Minister’s Office to examine reasons for the current situation and to offer policy advice for sustainable demographic development. In the Demographic Report that followed in 2021, experts’ recommendations included increasing the family-friendliness of society, investments to education and lifelong learning (particularly for men), higher employment rates for people aged 65-74, more net immigration and more tailored immigration policies. These recommendations are largely in line with reforms that are already underway in Finland.
The most recent reform to the Finnish pension system was made in 2017. The most recent international evaluation of the pension system was published in September 2021.
- Read more: The Finnish pension system is robust and well-functioning, but it must prepare for future financial challenges (Finnish Centre for Pensions, September 2021)
To address demographic challenges, the Finnish government is committed to reforms, including:
- Family leave reform that extends flexibility and choice for families. Reform was approved by the parliament in December 2021 and comes into force in 2022. Read more: Family Leave Reform – Ministry of Social Affairs and Health
- To raise the level of education and competence for all age groups and at all levels of education: main reform here is raising the minimum school leaving age from 16 to 18, aiming at all students to finish an upper secondary qualification. Read more: Extension of compulsory education – Ministry of Education and Culture
- Increasing work-based immigration, attracting international talent and reforming immigrant integration services: target here is to at least double work-based immigration from its current level by 2030. Please see: Roadmap for education-based and work-based immigration 2035 as well as Talent Boost on the website of the Ministry of Economic Affairs and Employment
- Other active labour market measures: please see Labour Market Reforms
Official Statistics of Finland (OSF): Population projection [e-publication]. ISSN=1798-5153. Helsinki: Statistics Finland [referred: 10.11.2021]. Access method: http://www.stat.fi/til/vaenn/index_en.html
Official Statistics of Finland (OSF): Migration [e-publication]. ISSN=1797-6782. Helsinki: Statistics Finland [referred: 10.11.2021].
Official Statistics of Finland (OSF): Educational structure of population [e-publication]. ISSN=2242-2919. Helsinki: Statistics Finland [referred: 10.11.2021]. Access method: http://www.stat.fi/til/vkour/index_en.html
Official Statistics of Finland (OSF): Births [e-publication]. http://www.stat.fi/til/muutl/index_en.html
ISSN=1798-2413. Helsinki: Statistics Finland [referred: 10.11.2021] Access method: http://www.stat.fi/til/synt/index_en.html