You can retire on an old-age pension at the retirement age of your birth year. At the earliest, your old-age pension can be paid out from the beginning of the month following the month in which you reach your retirement age.
Select your year and month of birth. The calculator will tell you when you can retire.
The old-age pension is payable both as an earnings-related pension and a national pension.
The old-age pension is the earnings-related pension you have accrued during your working life. The older you are when you retire, the higher your pension will be.
Read more about pension amounts
Read more about how the national and guarantee pensions supplement a low earnings-related pension
Retirement age rises gradually
| Retirement ages for people born before 1965 (old-age pension) | ||
|---|---|---|
| Year of birth | Retirement age | Age when insurance obligation ends |
| 1954 or earlier | 63 | 68 |
| 1955 | 63 years and 3 months | 68 |
| 1956 | 63 years and 6 months | 68 |
| 1957 | 63 years and 9 months | 68 |
| 1958 | 64 | 69 |
| 1959 | 64 years and 3 months | 69 |
| 1960 | 64 years and 6 months | 69 |
| 1961 | 64 years and 9 months | 69 |
| 1962-1964 | 65 | 70 |
| 1965 and later | Not yet decided but it will be linked to life expectancy. The age limit will rise by no more than two months per birth year as of the year 2030. The age when the insurance obligation ends will be five years above the retirement age. | 70 |
If you were born in 1955 or later, your birth year will not only have its own retirement age but also a computational target retirement age. It is slightly higher than your retirement age. For example, if you were born in 1960, your target retirement age is 65 years and 9 month.
By working until you reach your target retirement age, you can offset the effect of the life expectancy coefficient. In practice, it means that the increase for late retirement nullifies the reducing effect of the life expectancy coefficient.
You can earn a pension up to the age when your insurance obligation ends. This upper old-age pension age is five years above your retirement age.
You can continue working after you have reached the age when your insurance obligation ends, but you do not accrue more pension for that work.
The statutory insurance obligation applies to both employees and self-employed persons.
Drawing your old age pension
You have to apply for your old-age pension.
If you are an employee, you have to resign from your work before you start drawing your old-age pension. If you wish to do some work while drawing your old-age pension, your employer has to insure you for that work. You can apply to your pension provider for this new pension to be paid once you have reached the age when your insurance obligation ends (see table above). There is no limit to how much you can earn while for work that you do in retirement.
If you are self-employed, you can claim your old-age pension and continue your self-employment. In that case, you will not be able to continue paying statutory pension insurance. If you wish, you may, but you do not have to, insure your continued work with voluntary pension insurance.
Go to instructions on how to claim the old-age pension
If you work in the public sector and retire on an old-age pension you may have a so-called occupational or individual retirement age.
The individual retirement age is usually between 63 and 65 years. It did not change as a result of the 2017 pension reform. The qualifying ages for occupational retirement rise gradually: by 3 months for those who reached their occupational retirement age in 2018, by 6 months for those who reached their occupational retirement age in 2019, and by 1 year and 6 months for those who will reach their occupational retirement age in 2022.
For persons born before 1960, the retirement age is 65 years in public sector employments that have ended. If you take out your pension before you turn 65, the pension you have earned before 1995 will be reduced.
For more information, contact Keva.
Your disability pension will be automatically converted to an old-age pension of the same amount
- when you reach the retirement age of your age group if your disability began after 2016,
- at age 63 if your disability began between 2006 and 2016,
- at age 65 if your disability began before 2006.
Your partial disability pension is also converted into an old-age pension when you reach your retirement age, but at the same time its amount doubles, that is, becomes a full disability pension.
You have earned new pension as of 2005 for work done while drawing a disability pension. You have to apply for this pension as it is not paid out automatically. You can submit your application only once your disability pension turns into an old-age pension, providing you have stopped working. If you continue working, you can apply for the pension once you stop working.
If you are drawing a partial old-age pension, you can retire on a full old-age pension when you reach the retirement age of your age group. You also have to resign from your main job. If you take out your old-age pension late, that is, after reaching your retirement age, the part of your pension that you have not drawn will be increased.
If you are drawing a part-time pension, you have to apply for you old-age pension separately between your retirement age or the age at which your insurance obligation ends.
If you are unemployed, you can retire on the old-age pension when you reach the retirement age of your age group. You can choose to retire on the old-age pension immediately or continue drawing the unemployment allowance until you turn 65 years.
If you take out your national old-age pension early, it will be permanently reduced by 0.4% for each month from when you start drawing the pension to the month after you turn 65. If you wait to take out your national old-age pension at age 65, it will not be reduced.
In the future, when the retirement age of the old-age pension of the earnings-related pension system is linked to life expectancy as of those born in 1965, the retirement age of the national old-age pension will correspond to that of the earnings-related old-age pension.