Helsinki (02.08.1998 - Rauno Pentti) Finns are currently engaged in a lively debate about the statutory pension insurance system and the financing of future pensions. Experts have presented a wide range of views and calculations in the course of this debate. Some experts believe that the present pensions system is adequate to meet future needs, while others are more doubtful and call for changes to the system.
Conflicting visions as to how future pensions will be financed are worrying citizens. More than 80 per cent doubt society's ability to ensure adequate pension security in the years to come. As many as three out of four people believe that politicians don't take the issue seriously enough.*
Carin Lindqvist-Virtanen, senior researcher at the Ministry of Social Affairs and Health, considers citizens' concern understandable. "Our present national pension system, which provides basic social security for all, was created in the 1930s, and the earnings-related pension system goes back to the 1960s. In the beginning, both schemes were very feasible, as many paid pension premiums but few people were retiring.