Administration

Keva is an independent body governed by public law and its operations are based on the Public Sector Pensions Act and the Keva Act. Further provisions supplementing the Act can be found in the Council’s Standing Orders.

Council

The highest decision-making body in Keva is the Council.

The Ministry of Finance appoints the Council members for the municipal electoral period. The Council has 30 members of which four are appointed, according to law, based on a proposal by the main municipal negotiating organisations, four based on a proposal by Local Government Employers KT and the rest based on a proposal by the Association of Finnish Local and Regional Authorities. The Association of Finnish Local and Regional Authorities must take into account the municipal election result in its proposal.

The present Council’s term of office began on 1 August 2020. Chairman is Harri Jokiranta and vice chairman is Maarit Ojavuo.

Members of Council

 

Regular members Personal deputies
 Båssar Christina, Korsnäs  Sjöstrand Christian, Helsinki
 Eklund Toni, Turku  Terävä Liisa, Rautjärvi
 Haapanen Jorma,
 KT Kuntatyönantajat
 Leisimo Eino,
 KT Kuntatyönantajat 
 Hartonen-Pulkka Tanja,
 Mäntyharju
 Korpikoski Terho, Simo
 Himanen Paula, Oulu  Mäkinen Tuija, Jyväskylä  
 Husso Jarmo J., Oulu  Pöllänen Ismo, Imatra
 Hyytinen Tuomas, JUKO ry  Mäenpää Tiina, JUKO ry
 Jokiranta Harri, Seinäjoki  Torsti Pilvi, Helsinki  
 Karhumaa Keijo, JAU ry  Pirttijärvi Minna, JAU ry
 Kemppi Jouni, Lappeenranta  Torikka Kirsi, Savonlinna
 Lindroos Petri, JUKO ry  Zibellini Anna, JUKO ry
 Lohikoski Pia, Kerava  Lehto Juhani, Hämeenlinna
 Lounasmaa Marja, JAU ry  Sarvi Anne, JAU ry
 Lähde Leo, Nokia  Lindgren Anne, Riihimäki
 Majalahti Juha,
 KT Kuntatyönantajat
 Riikonen Olli,
 KT Kuntatyönantajat
 Meronen Teemu, Helsinki  Päivinen Mikko, Järvenpää
 Niiranen Taina,
 KT Kuntatyönantajat
 Ojansuu-Kaunisto Kirsi,
 KT Kuntatyönantajat 
 Nummentalo Juhani, Salo  Rantanen Tero, Järvenpää   
 Nykänen Erkko, Siilinjärvi  Leinikka Antti, Hämeenlinna
 Ojavuo Maarit, Kajaani  Harmaala Miina, Asikkala  
 Paavola Silja, Sote ry  Dalen Jaana, Sote ry
 Perämäki Ulla, Helsinki  Honkimaa Joonas, Kouvola
 Riuttamäki Simo, Huittinen  Reijonen Minna, Kuopio 
 Rytkönen Millariikka, Sote ry  Brax Anna-Leena, Sote ry
 Salmi Pekka, Tampere  Ikonen Jaakko, Varkaus
 Saramo Jussi, Vantaa  Liimatainen Heini, Järvenpää 
 Sarparanta Tiina, Kajaani  Laaksonen Erja, Jämsänkoski
 Sarvijärvi Minna, Ylöjärvi  Sonntag Ritva, Kemi
 Sihvonen Aulikki, Kontiolahti  Syväsalmi Emilia, Eurajoki
 Valtonen Sinikka,
 KT Kuntatyönantajat
 Heikkinen Pekka,
 KT Kuntatyönantajat

 

 

 

 

 

 

 

Board of Directors

The Board’s task is the general supervision and guidance of Keva’s activities. The Board’s function, according to law, is to decide on the pension fund investment plan.

Members of Board 2020-2022

 Regular members

Personal deputies

 Minna Arve, chairman

 Saija Äikäs

 Kari Nenonen, deputy chairman

 Tarja Filatov

 Saku Linnamurto

 Pia Pakarinen

 Diana Bergroth-Lampinen

 Ilkka Nokelainen

 Markus Lohi

 Heini Jalkanen

 Heli Järvinen

 Tuomas Viskari

 Olli Luukkainen, JUKO

 Kati Myllymäki

 Päivi Niemi-Laine, JAU

 Kristian Karrasch

 Else-Mai Kirvesniemi, Sote

 Anne Sainila-Vaarno

 Kirsi-Marja Lievonen,
 KT kunnallinen työmarkkinalaitos 

 Petra Määttänen

 Markku Jalonen,
 KT kunnallinen työmarkkinalaitos 

 Mika Juutinen

 

 

Members of Management group

Personal E-mail addresses: firstname.lastname[at]keva.fi. Please, replace Scandinavian å, ä or ö. with a and o.


Timo Kietäväinen
CEO
 
Tapani Hellstén
Deputy CEO
 
Kimmo Mikander
Deputy CEO
         

Ari Huotari
CIO
 
Tom Kåla 
CFO
 
Reija Hyvärinen 
Communication Director
         

Markus Mankin, 
Administrative Director, Secretary of Management 
group
 
  Tiina_ijäs_200x300.jpg
Staff member 
representative,
Tiina Ijäs
Senior specialist
 
   

Working Life Development Working Group

The function of the Working Life Development Working Group is to develop measures for maintaining the health and work capacity of municipal employees. The focus of the group is the improvement of the quality of working life, maintaining and improving work capacity as well as on measures preventing incapacity to work.

The working group and its function are defined in Keva’s Standing Orders. The Board appoints the working group for its term of office. Of the 12 working group members, six are chosen based on proposals by the municipal sector’s employee organisations.

Members of Working Life Development Working Group 1.1.2015 - 31.8.2017

  • Chairman Mr Aki Lindén
  • Mr Kari Hakari
  • Mr Tapani Hellstén
  • Mr Risto Kangas
  • Mr Jukka Kauppala
  • Ms Marja Lounasmaa
  • Mr Jukka Maarianvaara
  • Ms Helena Metsälä
  • Ms Anne Mironen
  • Ms Merja Paananen
  • Mr Tapio Ropponen
  • Ms Anne Sainila-Vaarno
  • Secretary Mr Pauli Forma

Supervision

The general supervision of Keva’s activities is carried out by the Ministry of Finance.

Financing operations planning and investment operations are supervised by the Financial Supervisory Authority (FIN-FSA), which reports its supervisory activities to the Ministry of Finance.

Internal control, risk management and internal audit  

Internal control

Internal control means all of the procedures, systems and methods through which Keva’s management and council aim to ensure efficient, economical and reliable operations and the accomplishment of its goals.

Internal control is a process which ensures the following: achieving set goals and aims as well as the economical and efficient use of resources the reliability and accuracy of financial and other management information complying with laws, regulations and instructions, as well as with decisions by administrative bodies, internal plans and operating methods.

Risk management

Risk management is an integral part of Keva’s internal control and it means the recognition, assessment, restriction and supervision of risks resulting from operations or significantly connected to them. Risk management also involves contingency and emergency planning to ensure the smooth continuation of operations.

The main objective of risk management is to support the development of Keva's operations and processes and the attainment of goals, in order to secure the rights of the insured and pension recipients in all situations.

The most significant risks for Keva are related to financing and investment activities and operational risks.

Further information on risk management: Annual report and interim reports

Internal audit

The internal audit of Keva assesses the efficiency and adequacy of internal control at the institution and provides proposals for improving operations. The internal audit operations are based on an internal audit activities plan approved annually by the Board. The function reports to the CEO and the council.

Compliance function at Keva

The Compliance function’s core duty is to assist in proactively anticipating the effects of legislative and regulatory changes on Keva’s operations. The Compliance function also serves to ensure that the entire organisation has the capacity to comply with legislation, statutory regulations and Keva’s in-house rules.

The Compliance function is tasked with the following:

  • proactive anticipation of effects in legislative and regulatory changes 
  • promotion of compliance with acts, decrees and statutory regulations
  • supervision, advice and guidance for compliance with Keva’s in-house regulations, guidelines and principles 
  • contribution to risk management and good governance projects within Keva

The maintenance and development of Keva’s independent Compliance function is the responsibility of the Compliance Officer whose primary function is to support the Board, management and the business in ensuring reliable administration and the effectiveness and sufficiency of internal control. Compliance reports to the CEO and also provides regular reports to the Board.

The responsibility for legislative and regulatory compliance always resides with the business units and management which are supported in this undertaking by the Compliance function.