The economic standing of Finnish pensioners will see a drastic downturn in the next three years, news conglomerate Lännen Media claims. If PM Juha Sipilä's government programme goes through, 85 percent of pensioners will have their income slashed.
The repercussions of the index cuts, housing aid changes and a small hike to guarantee pensions have been calculated by the national pension agency Kela.
Kela research chief, professor Olli Kangas says in a LM interview that the increases to Finland's guarantee pension system should be larger in light of other widespread cuts to pensioners' incomes.