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Tag: Pensions

The Self-employed Persons’ Pension (YEL)

The Self-employed Persons’ Pension (YEL)

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THE SELF-EMPLOYED PERSONS’ PENSION (YEL)   An artist can take out pension insurance in accordance with the Self-employed Persons’ Pension Act if he or she carries out artistic work with an intent to profit. Contributing to a self-employed person’s pension does not require the artist to establish a company or commence activities as a private trader. A person who pursues independent operations with intent to profit can be considered an entrepreneur for purposes of the Self-employed Persons’ Pension Act. An…

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Pension-insurance plans for grants (MYEL)

Pension-insurance plans for grants (MYEL)

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PENSION-INSURANCE PLANS FOR GRANTS (MYEL)   Grant recipients take out their MYEL pension insurance from the Farmers’ Social Insurance Institution (Mela). The insurance obligation applies to all people of ages 18–67 who have received a grant awarded in Finland in 2009 or later, with the following conditions: The grant must have been intended for artistic or scientific work in Finland with a minimum duration of four months (i.e., a working grant), and The amount of the grant is at least…

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Pension plans for artists

Pension plans for artists

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PENSION PLANS FOR ARTISTS   An artist’s pension security can be composed of national pension, guaranteed pension, earnings-related pension, and supplementary state artist pension amounts. National Pension. In 2017, the full national pension is EUR 628.85 per month if the person has not accrued any earnings-related pension. If you are married or live in a domestic partnership or a registered partnership, your full national pension is EUR 557.79 per month. The national pension of a person retiring with a small…

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Supplementary state pensions for artists

Supplementary state pensions for artists

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On separate application, an artist may be granted a supplementary state artist pension. The artist pension can be granted for exceptional pursuits in the art to a visual creative artist or performing artist who lives or has lived permanently in Finland. Without a special reason, the pension is not granted to a person under 60 years of age. Permanent disability arising from the artist’s state of health can be considered such an exceptional reason for granting the pension to a…

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The artist on disability pension

The artist on disability pension

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THE ARTIST ON DISABILITY PENSION   An artist’s ability to work can be weakened for many reasons. When working to secure a reasonable income is prevented by illness, fault, or disability, an artist may be able to retire on either full or partial disability pension. Usually, approximately one year of being ill precedes retirement on the disability pension. The chances of occupational and medical rehabilitation are determined before a decision on disability pension is issued. The disability pension can be…

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What makes up the artist’s pension?

What makes up the artist’s pension?

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Pensions paid by Kela Earnings-related pension The national pension is EUR 628.85/month if the person has not accumulated any earnings-related pension. The national pension for a person who is married or in a common-law relationship is EUR 557.79/month. The ‘guarantee pension’ guarantees that the pension is never less than EUR 760.26/month. Among other pensions are the surviving spouse’s pension and disability pension. The earnings-related pension is accrued on the basis of the TYeL, MYEL, and YEL pensions acts. If all pensions…

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