If you have had an income and been a part of the working world, your old-age pension will be made up of an earnings-related pension which you have accrued during your years as an employee or entrepreneur. If your earnings-related pension is small, you will receive a national pension to supplement it. If you have never earned a wage, your old-age pension will be entirely made up of a national pension. This can be supplemented with a guarantee pension.
If you were born before 1955, you can retire and receive an old-age pension starting from the time you reach the age of 63. The retirement age will rise by 3 months each year until it reaches 65. The minimum retirement age for people born in 1962–1964 and those who are younger than them will be 65. If you are employed by the State, municipality, church or Kela, your retirement age may deviate from the above.
If you were born in 1963 or earlier and have accrued an earnings-related pension, you can retire on a partial early old-age pension from the age of 61. For people born in 1964, the minimum age for partial old-age pension is 62.
Size of an old-age pension
The size of your old-age pension, which is in the form of an earnings-related pension, will vary on the basis the length of your working career, the amount you have earned and how much pension you have accrued. Your earnings and the length of your working career will increase your pension accrual, but so will some periods when you have not earned an income, such as parental leave, and periods when you receive a sick leave allowance or an unemployment allowance.
You can view your pension record in your pension provider's web service and compile an estimate on your pension with a calculator. You can, at any given time, request a preliminary estimate of your pension from your pension provider as well as information on how the age at which you retire will affect your pension.
The national pension and the guarantee pension are paid by Kela. A national pension is slightly larger for persons who live alone than for those who are married, live together with their partner or are in a registered partnership.