Earnings-related pension index

All earnings-related pensions being paid out are adjusted each year at the beginning of January by the earnings-related pension index. The earnings-related pension index for the year is usually known in late October of the previous year.

There is no need to apply separately for the index increase as Keva adds it to your pension automatically at the beginning of each year.

How the earnings-related pension index is determined

The Ministry of Social Affairs and Health confirms the earnings-related pension index.

The earnings-related pension index is determined on the basis of the annual change in the wages and price level. When calculating the index, the change in wages accounts for 20% and the change in prices for 80%.

Earnings-related pension index for 2024

The earnings-related pension index for 2024 is 3037. This means that compared to 2023, earnings-related pensions increased by an average of 5.7% from the beginning of 2024.

Earnings-related pension indexes for earlier years

The earnings-related pension index for 2023 was 2874. Compared to 2022, earnings-related pensions increased by around 6.8%.

The earnings-related pension index for 2022 was 2691. Compared to 2021, earnings-related pensions increased by around 2.28%.

The earnings-related pension index for 2021 was 2631. Compared to 2020, earnings-related pensions increased by around 0.5%.

The earnings limit for disability pensions will be increased by the wage coefficient

You can work while on disability pension, cash rehabilitation benefit, partial disability pension or partial rehabilitation allowance. In which case, you will be subject to earning limits.

Your personal earnings limit is always adjusted at the beginning of the year by the wage coefficient, which is confirmed each year by the Ministry of Social Affairs and Health by the end of October.

You can see your up-to-date earnings limit in the My pension online service at the beginning of January.

However, all disability pensions already being paid are adjusted every year at the beginning of January by the earnings-related pension index, as explained at the beginning of the page.