Last year, after threats of industrial action, trade unions managed to negotiate changes to the government’s plans for pension reforms. Retirement ages and the number of years of contributions required for a full pension are being introduced but over several years and not coming fully into effect until 2020 and 2021.
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Trade unions negotiate deal on pensions
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Firefighters' unions secure wage and pension deal
(July 2017) Firefighters are set to benefit from a new wage and pension arrangements that will see their net income protected with pension coverage to ensure there is no gap between retirement and getting the state pension. The new arrangements recognise the risks associated with the job and compensate for changes implemented in the state pensions system. Firefighters also keep their right to retire at 59. This agreement covers around 2600 firefighters in post before 2006. A deal covering all other firefighters will now be negotiated.
Pension agreement negotiated
SAK and STTK, two of the three trade union confederations, have agreed pensions reforms with the employers. It will come into effect in 2017 if approved by the government. The agreement was rejected by the Confederation of Unions for Professional and Managerial Staff in Finland Akava. The unions believe the new system will protect the future pensions of the present younger generation and ensure a respectable retirement path for older employees.The minimum retirement age will be raised gradually from 63 to 65 for persons born after 1955. The system of accumulation of pensions will change. At