Statutory Earnings-Related Pension Scheme for the Self-Employed | Max-Planck-Institut für Sozialrecht und Sozialpolitik - MPISOC
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Statutory Earnings-Related Pension Scheme for the Self-Employed

Yrittäjän eläkelaki, YEL

1 The maximum age depends on the year of birth. Insurance obligation ends at age 68 for persons born before 1958, at age 69 for persons born between 1958 and 1961, and at age 70 for persons born after 1961.

2 Persons aged 53-62 pay higher contribution shares (8.65%) than younger cohorts due to higher accrual rates (1.7% compared to 1.5% for younger cohorts). Age-specific accrual rates were implemented by the 2005 reform, but abolished by the pension reform of 2017. Transitional rules still apply until the end of 2025 after which accrual rates and contributions will be the same for all.

Legal Basis: The Self-Employed Persons’ Pensions Act 1272/2006 (Yrittäjän eläkelaki, YEL).