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Tourists do Nordic walking with sticks on a beach in Playa del Ingles."Representatives of government, unions and pension funds of Finland agreed to raise the retirement age from the current 63 to 65.

The negotiations over Finland's state pension system have lasted for weeks, and agreement on the retirement age was finally settled.

According to the proposed pension reform, Finnish employees, both men and women, born in or after 1955 will retire two years later than the current age of 63, Finnish broadcaster YLE reported.

From 2017, the pensionable age will be gradually increased by three months every year. This means that employees born in 1962 will be the first group who retire at the age of 65.

In addition, the proposal claimed that employees doing physically or mentally demanding works will have possibility to retire earlier, but their career will be no shorter than 38 years..."

GLOBAL POST / XINHUA NEWS AGENCY, 26 September
LEHTIKUVA / Timo Jaakonaho

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Finland in the world press

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