Keva | Council for Inclusive Capitalism

Keva is Finland’s largest pension provider and it administers the pensions of local government, State, Evangelical Lutheran Church, Kela, Bank of Finland and wellbeing services county employees. Keva serves a total of 1.3 million public sector employees and pensioners. Besides administering pensions, Keva aims to enhance work ability of employees and decrease costs from incapacity to work by providing services to some 1,900 employers in the public sector, i.e. local government organisations, State employers and parish unions.

Keva is an independent body governed by public law and its operations are based on the Public Sector Pensions Act and the Keva Act.

Keva is responsible for funding the pensions of local government and wellbeing services county employees and for investing their pension funds. Pensions are funded with pension contributions collected from employers and employees alike.

Purpose

The mission of Keva’s investment operations is to invest the fund’s assets in such a manner that the investment returns make it possible for the pension contribution to remain at a predictable and stable level far into the future. The aim of Keva’s investment operations is to maximise the pension fund’s long-term return. Keva’s investment assets had a market value totalling EUR 71.5 billion at year-end 2024.

Jaakko Kiander

CEO, Keva

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