Earnings-related pensions were reformed at the beginning of 2017. Some of the new features of the pension reform are the following:
- Each age group has its own retirement age.
- Everybody earns pension funds at the same rate.
- Working longer pays off.
- Two new pension forms have been introduced.
The reform affects pension funds that are earned after the reformed earnings-related pension acts have taken effect.
The new retirement ages of the old-age pension apply to persons born in 1955 and later. The retirement age of those born in 1965 or later will be linked to life expectancy as of the year 2030.
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 .
Did you know that….
You earn pension funds for your total earnings. Before 2017, the pension contributions you paid were deducted from your earned pension. Now you earn pension funds also for the contributions you pay.
If you are between 53 and 62 years old during a transition period from 2017 to 2025, you earn pension funds at a rate of 1.7 per cent per year, and pay a contribution rate that is 1.5 percentage points higher than that of other wage earners.