Pensions
Supplementary pensions
Porasto Oy
Supplementary pensions: tel 09 7527 7333
Address: Porasto Oy, Arabiankatu 12, 00560 Helsinki
Supplementary pension benefit record
The Pension Foundation’s supplementary pension benefit record is posted each year to the insured and those with a paid-up policy.
The supplementary pension benefit record contains an estimate of the amount of both the supplementary pension and the statutory pension, if the supplementary pension begins at the Pension Foundation’s old-age pension age. The estimate always considers the latest adopted rules and the earnings data for the previous year.
Investment operations
The objective of the Pension Foundation’s investment operations is to ensure sufficient liquidity so that the pension expenditure and other costs can be covered without unprofitable realisations. The assets covering technical provisions have been invested in accordance with the relevant regulations in a secure and profitable manner.
The Pension Foundation’s benefits are based on defined benefits, which means that the benefits must be paid in all situations and the sponsoring employers must finance their benefits regardless of investment operations. The Pension Foundation must have at least as much in assets as it has technical provisions. The Pension Foundation’s technical provisions are completely covered.
The Pension Foundation implements an investment policy, which is adopted annually. The Pension Foundation’s assets are classified into fixed income investments, equity investments and real estate investments. Investment risks are prepared for by monitoring the allocation, variation ranges and solvency and by preparing stress tests at least monthly.