Pension benefits

Earnings-related pension secures your livelihood in many different situations in life.

Old-age pension

You can retire on an old-age pension at the retirement age of your birth year – or at the beginning of any month after that.
The later you postpone your retirement, the higher your earnings-related pension will increase.

Please note that if you are an employee, you have to resign from your current work before you start drawing your old-age pension. If you are self-employed, you can claim your old-age pension and continue your self-employment.

Partial old-age pension

Partial old-age pension allows you to draw 25 or 50 per cent of your earnings-related pension before your retirement age, at the earliest at the age of 61. You can work while you draw partial old-age pension. If you take out partial old-age pension before your retirement age, pleace note that your pension will be permanently reduced.

Disability pension

The disability pension secures your livelihood if a long-term illness prevents you from continuing to work normally. If your ability to work has been partially reduced, you can receive a partial disability pension. If you have recently become ill, you should first contact Kela to receive sickness allowance. As a rule, sickness allowance can be paid for up to 300 working days on account of one and the same illness. The disability pension usually does not start until the sickness allowance period ends.

Years-of-service pension

Years-of-service pension can be an option if your working capacity is reduced and you have a long career history in mentally or physically strenuous and wearing work. You can claim this pension at the earliest at the age of 63.

Vocational rehabilitation

Vocational rehabilitation aims to help you keep on working despite possible health limitations. Rehabilitation options include work try-out, work counselling, training for a new occupation or profession, and business subsidy for new or an existing business.

Survivors’ pension

The survivors’ pension secures the livelihood of minor children and the widow after the death of the family wage earner. The amount of the survivors’ pension is based on the pension that the deceased had earned during his or her career.