Keva’s Council adopted the 2019 Financial Statements.
Keva’s investments showed an excellent return of 12.8% or EUR 6.4 billion last year. After the difference between operating costs, pensions paid and pension contribution income received, the result for 2019 was more than EUR 6 billion.
In 2019, Keva’s Board of Directors adopted a new strategy and a start was made on implementing it. During 2020, work will start on reforming the management system and organisation, which in turn will advance implementation of the strategy. At the same time, preparations will be made for the potential merger of the private-sector and local government earnings-related pension systems.
“The appropriateness of such a merger will only be resolved during further preparation. It is of prime importance to allow sufficient time to prepare and implement the reform. In addition, the practicalities of pension security must be ensured for employees in the service of the State, Evangelical Lutheran Church and Social Insurance Institution of Finland Kela,” CEO Timo Kietäväinen points out in Keva’s Annual Report.
Read the 2019 Financial Statements and Annual Report here.