Pension contribution for PhD student

[masao]

Most of the money is NOT used to pay out pensions for current pensioners.

And your source is? I trust TELA.

"As concerns the present pension contributions in the private sector, about one euro out of six is put into a fund and the rest is used for the payment of current pensions."

"The pensions of self-employed persons are financed using the pay-as-you-go system. In other words, they do not involve funding."

It's similar for other categories.

http://www.tela.fi/en/economy/financing_of_pensions

Hi.
So five out of six euros are used for the payment of the current pensions. Thanks for the info.

http://www.tela.fi/instancedata/prime_p ... n_2014.pdf

My sources was
http://www.taloussanomat.fi/porssi/2016 ... 164668/170

t, masao

[betelgeuse]

My sources was
http://www.taloussanomat.fi/porssi/2016 ... 164668/170

That article only concerns the returns on the assets. It is silent on how contributions are handled.

[masao]

In Finland it's generally understood that if you employ a person with 20k annual salary, the employer has to pay about 40k (twice as much) altogether for the person's employment because of
the salary, insurance, and pension contribution among other expenses.

Actually it is much less than that: http://www.helsinkibusinesshub.fi/fact/ ... usinesses/
Even though the employers' pension contributions have increased recently, the cost of employing someone is well under 30% of gross salary. Of course, there are other costs - such as providing office space etc, but those are more like the fixed costs of doing business.

Nowadays many employers benefit from government subsidies aimed at encouraging the employment of young unemployed people. This brings down the cost per employee considerably.

But if you have a source that shows how you get from 20K to 40K, I'd be very interested to see it.

Hi.
Nowadays it's about 33%. You are correct.
t, masao

[Upphew]

In Finland it's generally understood that if you employ a person with 20k annual salary, the employer has to pay about 40k (twice as much) altogether for the person's employment because of
the salary, insurance, and pension contribution among other expenses.

Actually it is much less than that: http://www.helsinkibusinesshub.fi/fact/ ... usinesses/
Even though the employers' pension contributions have increased recently, the cost of employing someone is well under 30% of gross salary. Of course, there are other costs - such as providing office space etc, but those are more like the fixed costs of doing business.

Then there are paid holidays and sick leaves, about 10%.