The Ministry of Social Affairs and Health confirmed the life expectancy coefficient for occupational pensions for the year 2025.
In practice, the decrease in the life expectancy factor cuts old-age pensions according to the occupational pension laws for the 62-year-old, retiring age group, by 5.241 percent. TIINA SOMERPURO
The Ministry of Social Affairs and Health (STM) confirmed the life expectancy factor, which reduces the old-age pensions of those born in 1963 starting in 2025 or later.
The life expectancy factor will be 0.94759 next year, or about 0.1 percentage points less than this year.
The decrease in the lifetime coefficient can be considered surprising. The average life expectancy is decreasing for the second year in a row, which is why the life expectancy factor established for the year 2025 reduces the pension less than the life expectancy factors established for the last three years.
In practice, the decrease in the life expectancy factor cuts old-age pensions according to the occupational pension laws for the 62-year-old, retiring age group, by 5.241 percent.
The life expectancy factor will also reduce disability pensions granted on the basis of incapacity starting in 2025.
It also affects family pensions, partially early retirement pensions and occupational pensions, but not the part of the future pension included in occupational pensions.
The life expectancy factor does not change after the occupational pension has been taken into payment once.
The purpose of the life expectancy coefficient is to adjust the level of the starting occupational pensions and the pension expenditure according to how the expected average life expectancy changes.
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