Feb 27 • 08:31 UTC 🇫🇮 Finland Ilta-Sanomat

Hands Off Pensions - Organization Responds

The Central Organization of Pensioners in Finland vehemently opposes proposals to cut pensions for the sake of savings.

The Central Organization of Pensioners in Finland (EKL) has expressed strong condemnation of proposals to reduce pensions as part of economic savings measures. The organization criticizes the Economic Policy Council's suggestion to cut pensions and freeze various indices as indicative of a disconnect from the everyday realities of average Finns. EKL emphasizes that pensions are regarded as earned property rather than social assistance, highlighting the essential nature of these benefits for retirees.

According to the Economic Policy Council, the proposed cuts could particularly target pension benefits that do not accumulate from direct labor, such as the survivor's pension introduced in the late 1960s. Such benefits represent a significant portion of public income transfers and have, so far, largely avoided cuts compared to other areas. This situation indicates a potential shift in policy direction that could undermine the financial security of many retired individuals.

EKL's chairman, Ilkka Kantola, stated that pensions have been saved alongside working for decades with the assurance that they would ensure financial stability and a reasonable standard of living in retirement. He warns that cutting indices would violate this social contract between the state and its citizens, thereby calling attention to the broader implications of such policy changes on the wellbeing of retirees in Finland.

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