We at Keva do important and responsible work to ensure pension cover in the public sector.

Our operations are based on the Act on Keva. Keva is a pension institute administered by its member bodies. Our core member bodies are the municipalities and the wellbeing services counties as well as limited liability companies controlled by them.

Keva has three key duties:  

• • • We are tasked with implementing pension cover for the personnel of local government, the wellbeing services counties, the State, the Evangelical Lutheran Church, the Social Insurance Institution and the Bank of Finland and with offering services aiming to reduce the risk of work disability.
    • We are tasked with financing the pension cover of the personnel in the employ of our member bodies and with collecting the pension contributions of the State and the Evangelical Lutheran Church.
    • Our investments will help us to finance pensions in the long term.

We strive to act in such a way that our customers and other stakeholders can rely on us. Our operations are based on shared values: we are a reliable, effective and delightful actor.

We institute the pension cover in the public sector in accordance with the Public Sector Pensions Act.

We ensure equality and legal protection of our customers. We strive to reduce work ability risks of public-sector employees and we ensure the financing of the pension cover of the personnel in our member bodies.

• • • Act transparently and comply with the Act on the Openness of Government Activities and corporate governance.
       
    • Comply with the procurement legislation and Keva’s own inhouse procurement guide.
       
    • Whenever you are tasked with the development of Keva’s information systems and electronic services, take the legislation on automated decision-making and use of artificial intelligence into account.

Keva monitors compliance with international conventions (e.g. the UN Global Compact, ILO labour conventions) amongst its investees.

We ensure the financing of pensions in our member bodies in a manner which safeguards the pension benefits.

Our activities have been a success if there is no need to raise the contributions for future generations.

To this end, we have established a pension liability fund whose returns will be used to keep the contributions at the current level. The Finance Planning Unit produces expert estimates on the contribution level.

The risk-based disability pension contribution included in our pension contribution encourages the employer to maintain work ability in the workplace and to find solutions for employees with partial work ability to continue working. This will reduce pension expenditure in the long term.

Pension funding

We wish to be the best partner to our customers in earnings-related pension insurance and in the development of working life.

• • • Pension claimants can rely on the continuity of their livelihood and on a prompt and correct pension decision procedure.
       
    • Our employer customers receive seamless pension insurance services, and we contribute to reducing the risk of unemployment.
       
    • We systematically evaluate the risk of work disability.
       
    • We produce services on a basis of equality and monitor their effectiveness.
       
    • Our decision-making process is transparent.
       
    • We offer our customers seamless and secure multi-channel electronic services.
       
    • Our customer communication is clear and timely.
       
    • We develop our services in co-operation with our customers. Thus, we are able to ensure that the services are genuinely effective.

Information security and data protection are at the heart of Keva’s operations.

They guide our daily activities and supervision of information processing. Additionally, information security and data protection are prominent in our internal communication.

• • • Keep your personal and work-related matters apart.
    • Take responsibility for your actions and do not pass on information to unauthorised persons.
    • Keep an eye on your new messages and think before you open the content in them, whether they are internal or external messages.
    • Keep personal secrets, such as passwords, to yourself.
    • Stay alert and report data protection risks to the relevant persons.
    • Update your devices also at home.
    • Do not panic, exercise good judgement.
    • Use social media responsibly.

Information security threats change rapidly, therefore, protection measures have to evolve at the same pace.

Keva ensures that vulnerabilities are updated and repaired. We use the best observation tools. We strive to prevent breaches of information security and to recover from any breaches as quickly as possible.

We periodically practise situations involving information security issues.

Data protection is everybody’s business

At Keva, we process much personal data, i.e. data that can be associated with a specific individual. Some personal data are sensitive and confidential.
Customers and partners need to be able to trust that data relating to them are duly processed in accordance with data protection regulations.

• • • Process only personal data associated with your duties.
    • Ensure confidentiality of Keva’s and its partners’ business secrets.
    • Take possible data protection risks into account when working at the office or remotely.
    • Inform the data protection officer immediately if you consider that data protection is compromised.
    • Do not hesitate to ask the data protection officer about processing of personal data.
    • Participate in data protection training offered to Keva employees.

Keva is a key societal actor guided by the interest of society.

We comply with laws, decrees and other external rules as well as internal guidelines, and do not undermine Keva in a manner that could call its operations into question.

• • • Do not reach out for personal interest or advantage.
    • Act with caution. Comply with legislation and Keva's Insider Guidelines both in your work and when privately trading in securities.
    • If you participate as Keva’s representative in events or consider sponsorship, spend money and behave in a manner which stands up to scrutiny.

Work in itself produces wellbeing and gives an opportunity to learn something new. The relevance of the work is based on our shared values.

Work ability is also maintained through equal treatment of employees. Fair management and remuneration for work as well as promoting a sound body and mind help Keva employees to be successful in their work.

• • • Respect and help other members of the work community.
       
    • Appreciate different points of view in the spirit of diversity.
       
    • Challenge yourself and expand your competence.
       
    • Feel free to make use of the flexibility of working life in different stages of your life.
       
    • Let us know if you observe or experience ill-treatment, harassment or bullying.

The core aspect of the work at Keva is responsibility: We ensure earnings-related pensions after employment for those who have previously been employed in the public sector.

We invest pension income so that it will be possible to fund future pensions for years to come. Keva’s duty is to reduce the risk of work disability for public sector employees.

We take responsibility for:

• • • our clients
    • our employees
    • our investment operations
    • our way of working.

A responsible and sustainable way of working reduces the risks involved in our operations. The goals of our responsibility work as well as plans and contribution to achieving our goals are part of the work done in units, functions and processes.

Responsibility work is managed and its results are measured with the same metrics as the achievement of other strategic objectives. The management group and the Board of Directors follow up the metrics regularly.

Responsibility

Communication is part of decision-making, management and expert work. All Keva employees, the Board of Directors and the Council engage in communication and stakeholder co-operation.

Diverse and multi-channel work community communication enables us to contribute to the achievement of the strategy objectives and to the creation of good employee experience.

• • • The foundation of communication is openness and transparency.
    • Communication is interactive; engage actively in discussion with Keva employees, customers, other stakeholders and the media.
    • Provide your colleagues with information about your work, your projects and clients they might need to succeed in their own work.
    • Comply with the principle of public access.
    • Be systematic, proactive and spontaneous in your communication.
    • Strive for clarity and comprehensibility and take different target groups into account.
    • If you produce web content, ensure that it is accessible.

We monitor the effectiveness of communication and stakeholder co-operation. Key messages and ways of influence are revised as situations change.

Keva strives to ensure an ethical corporate culture in which Keva employees act correctly and in accordance with the shared values.

Our values:

• • • Reliable
    • Effective
    • Delightful

We work in a regulated and monitored sector. We commit to our work and strive to improve our business environment.

• • • Take responsibility for your own work.
    • Lend a helping hand to your colleagues and leave nobody alone.
    • Act with transparency and bring up matters for discussion.
    • Remain easily approachable to your customers and listen to their needs.
    • Promote diversity at Keva.
    • If you notice misconduct, report it to your supervisor or use the ethical channel. Keva’s Ethics team investigates and processes all reports. You can send your report anonymously.