Record number of people join pensioners in Finland

10:23, January 28, 2010      

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Some 81,000 people retired in Finland last year, recording largest number of new pensioners in Finland, according to Finnish media's report on Wednesday.

The record number of pensioners last year, which was around 10, 000 more than in 2008, results from the first group of post war baby boomers born in 1946 reaching the statutory age of retirement, which is usually 63 years old in Finland. However, the recession and increasing health problems also play a role in the numbers. According to Jari Kannisto, the development manager of the Finnish Centre for Pensions, some ten percent of pensioners in 2009 were due to unemployment.

According to the Finnish Center for Pensions, the average age of retirement in Finland last year was 59.8, slightly up from 59.4 in the previous year. The agency said the granting of fewer disability pensions has contributed most to the rise in retirement age.

Currently there are a total of 1.4 million pensioners in Finland among its 5.3 million population.

Source: Xinhua
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