Although you’re far away from retirement, it’s good to know about pensions already when you’re at the beginning of your working life. The choices you make along the way may also affect how much pension you’ll get when you do retire.
The earnings-related pensions have been set up in law. They make sure you have an income when:
- you are old,
- you develop a disability, or
- the wage earner in your family dies.
If your earnings-related pension is small, you may get a national pension and a guarantee pension paid by the Insurance Institution of Finland (Kela).
The basic principle is that you earn an earnings-related pension when you work as an employee or a self-employed person. How much pension you’ll get depends on for how long you work, how much you earn and how much your pension accrual rate is. The more you earn and the longer you work, the higher your pension will be.
Select your year and month of birth. The calculator will tell you when you can retire.
Target retirement age is not calculated for people born after .