SISTEMUL PUBLIC DE PENSII ÎN ȚĂRILE NORDICE: DANEMARCA, FINLANDA, NORVEGIA, SUEDIA
THE PUBLIC PENSION SYSTEM IN THE NORDIC COUNTRIES: DENMARK, FINLAND, NORWAY, SWEDEN

Summary/Abstract: In Denmark, the pension system consists of a scheme that includes basic pensions and a pension that is allocated in the form of a saupplement that is paid to disadvantaged people.It is also possible to discuss a mandatory pension based on a flat-rate contribution covering around 90% of the Danish workforce. It should be borne in mind that in Denmark life expectancy is between 80 and 90 years, pension expenses represent 8.1% of GDP.The public pension scheme is universal and covers the entire Danish population. The right to a pension is acquired on the basis of residence in Denmark. The public retirement age is currently 65, but will be gradually raised to 68 in 2030. Pensioners whose financial situation is difficult are allocated a supplementary pension, a personal pension or a health allowance. It covers almost all employees and almost all recipients of social benefits. Occupational pensions are schemes agreed between the social partners through collective agreements. In 2012, Denmark received an A rating from MERCER, a Danish human resources consulting firm, becoming the first A-rated pension system in the world. Denmark’s unique A rating was awarded in recognition of the country’s funded pension system, high level of social contributions, provision of adequate benefits and a well-regulated private pension system.In Finland, the public pension system is amended every year. The reform of the public pension system is difficult because these reforms are prepared by the social and state partners. Iceland is a country with an important step forward towards digitalization.Norway becomes one of the first non-EU countries to participate in the InvestEU programme. They give new impetus to green and digital investment in Europe and will help build a more resilient European economy.With Norway on board, InvestEU can continue to turn key investment projects into reality, contribute to the green transition and support the quality businesses and jobs of the future under the auspices of Valdis Dombrovskis, Executive Vice President for an economy that works for citizens . The pension system in Norway is made up of three contribution schemes, namely the public pension fund under social insurance, the service pension and AFP (CONTRACTUAL PENSION) and the private pension.In Sweden, the social security system is administered by the Social Insurance Agency – National Pension Fund (Försäkringskassan), which is responsible for the direct relationship with the public.Pension insurance in Sweden is a complex, multifaceted structure that includes both a minimum social security guarantee and numerous allowances.

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