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Financing of agricultural social protection systems in Finland

Financing of agricultural social protection systems in Finland. Antti Huhtamäki 8.12.2005. The Finnish Pension Insurance. National pensions. Earnings-related pensions. Employees. Self-employed. Pension Insurance Companies, Funds and Foundations. The Farmers´Social

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Financing of agricultural social protection systems in Finland

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  1. Financing of agricultural social protection systems in Finland Antti Huhtamäki 8.12.2005

  2. The Finnish Pension Insurance National pensions Earnings-related pensions Employees Self-employed Pension Insurance Companies, Funds and Foundations The Farmers´Social Insurance Institution (Mela)

  3. The two main lines: 1) basic national social security for all inhabitants Is financed by contributions wich are collected similar way as state income taxes 2) earnings-related social security Farmers’ social insurance system is part of this system Contributions are collected by Mela 15 % from farmers 75 % from state budget 10 % other sources The Finnish Social Security System

  4. 3.1.1.b.eng

  5. Mela´s Sources of Revenue 2004 The National Social Insurance Institution10 million €, 1 % Investments 6 million €, 1 % Other pension institutions94 million €,9 % Insurance premiums146 million €, 14 % State766 million €, 75 % 1 022 million €

  6. Mela’ sources of revenue 2006 (budget)

  7. Mela´s Expenditure 2004 Operating expenses 26 million €, 2 % Other expenses 4 million €, 0,4 % The Farmer´s substitute scheme200 million €, 20 % Pensions and other benefits 792 million €, 78 % 1 022 million €

  8. Mela’s expenditure 2006 (budget)

  9. Average contribution/insured farmer - YHT. 1 690 € 1 710 € +1 % 18,64 € 18,03 € Group life Insurance part +3 % 120 € 125 € +5 % Accident part Pension part 1 550 € 1 560 € +1 % 2005 2006

  10. The Finnish Pension Insurance National pensions Earnings-related pensions Employees Self-employed All inhabitants Others Farmers Pension Insurance Companies, Funds and Foundations The Farmers´ Social Insurance Institution (Mela)

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