Varma Mutual Pension Insurance Company  Varma Mutual Pension Insurance Company (Finnish: "Keskinäinen työeläkevakuutusyhtiö Varma") is the largest private investor and one of the largest earning-related pension insurance companies in Finland. In Finland, pension insurance is the responsibility of the employer, and Varma has 70,000 employer customers who have 870,000 workers insured. In addition to managing statutory TyEL insurance for employees and YEL insurance for the self-employed, Varma offers its customers vocational rehabilitation and well-being at work services which support workability and help people to remain in working life longer. Varma is a mutual company and its head office is located in Salmisaari, Helsinki. In 2017, Varma paid out pensions in the amount of EUR 5.5 billion to 342,600 people and made 24,510 new pension decisions. Premiums written amounted to EUR 4.9 billion, and at year-end 537,240 people were insured with Varma. Varma is responsible for the pension cover of some 880,000 Finns. The members of Varma's board of directors are chairman Jari Paasikivi, deputy chairmen Antti Palola and Kai Telanne, and regular members Riku Aalto, Johanna Ikäheimo, Rolf Jansson, Ari Kaperi, Casimir Lindholm, Jyri Luomakoski, Petri Niemisvirta, Ilkka Oksala and Pekka Piispanen. The members of Varma's executive group are, in addition to president & CEO Risto Murto, Tiina Kurki, Ville-Veikko Laukkanen, Pasi Mustonen, Pekka Pajamo, Reima Rytsölä, Katri Viippola and employee representative Eeva Hautala. The secretary for the executive group is the head of legal affairs, Tuula Kallio. Varma's chief actuary is Pasi Mustonen, and the company's senior physician is Jukka Kivekäs. Varma is the largest private investor in Finland. The invested assets are used to secure present and future pensions. Varma invests the assets it collects as pension contributions for current and future pensions. Varma's investment assets in 2017 amounted to approximately EUR 45 billion, 28% of which has been invested in Finnish society. The company mainly invests in fixed income, equity, real estate investments, and in hedge funds.