Warning - FI00 release 1

Please note that the Finnish pension system consists of two main tiers: a National scheme providing a flat-rate amount to all residents with no or low earnings-related pension (recorded in LIS variables V18 and V19) and a number of compulsory occupational schemes providing an earnings-related amount to all employees and self employed persons, organized by sector of activity and covering the almost totality of Finnish workers (recorded in LIS variables V32S1 and V33).  As a result, the LIS summary income variables SOCI (total social insurance transfers) and SOCTRANS (total social transfers) underestimate the value of pension transfers if the compulsory occupational schemes are to be considered part of the Finnish Social Security.