The old-age pension ensures your income after your working life. You can retire after you have reached your retirement age. The pension can begin at the earliest at the beginning of the following month, and it is paid for the rest of your life. Your retirement age is determined by your year of birth.
Your old-age pension is the earnings-related pension you have earned during your entire working life. The pension is higher the older you are when you retire. If your earnings-related pension is small or you do not receive an earnings-related pension at all, you may get a national old-age pension.
Read more about the amount of the earnings-related pension
Read more about how the national and guarantee pensions supplement a small earnings-related pension
Select your year and month of birth. The calculator will tell you when you can retire.
When you were born determines when you can retire
Your retirement age is the age at which you can start getting your old-age pension. You can continue working beyond this age and earn new earnings-related pension for that work up to the age when you no longer need pension insurance. This is the age beyond which your employer no longer must insure you for an earnings-related pension.
The year you were born determines when you can retire. For example, if you were born in 1960, you can retire at age 64 years and 6 months. If you were born in 1961, you can retire at age 64 years and 9 months.
Retirement age and age when pension insurance is no longer needed for persons born between 1956 and 1964 (earnings-related pensions)
| Year of birth | Retirement age | Age when insurance is no longer needed |
|---|---|---|
| 1956 | 63 years 6 months | 68 years |
| 1957 | 63 years 9 months | 68 years |
| 1958 | 64 years | 69 years |
| 1959 | 64 years 3 months | 69 years |
| 1960 | 64 years 6 months | 69 years |
| 1961 | 64 years 9 months | 69 years |
| 1962–1964 | 65 years | 70 years |
| 1965– | Determined based on the life expectancy of the age group and increases compared to the previous age group by two months at the most. | 70 years |
Claim your old-age pension
The old-age pension does not start automatically; you must claim it. If you are an employee, you must end your employment so that it ends before you start getting your pension. While you are on pension, you can start a new job, and you can earn as much as you like.
If you are self-employed, you can continue your business activities. You can claim your old-age pension and carry on with your business. While you are on the old-age pension, you do not need to be insured for pension, but you can take out voluntary YEL insurance.
How do I claim my old-age pension?
In addition to the retirement age and the age when you no longer need insurance, you have your own calculated target retirement age. This is the age when the increase for late retirement has made your pension as big as the life expectancy coefficient has made it smaller. Your target retirement age is slightly higher than your retirement age. For example, if you were born in 1960, it is 65 years and 9 months.
Read more about the life expectancy coefficient
Read more about how working longer pays off
When you reach the age when you no longer need pension insurance, your employer’s obligation to take it out ends at the end of the month. In the Employment Contracts Act, this age limit is called the general retirement age. Your employment relationship ends automatically at this point, unless you specifically agree with your employer to continue working.
You can carry on working even after you stop needing insurance. Your employer will not take out pension insurance or pay pension contributions for you after this point, and you will not earn new pension for your work.
If you retire from a public sector position, your retirement age may differ from the age limits mentioned earlier. You may have what is known as an occupational retirement age.
Occupational retirement ages are lower than the usual retirement ages, but they have gone up by three months every year since 2017. By 2025, they have gone up by a total of two years.
Read more about retiring from the public sector on Keva’s website.
If you are getting a disability pension, it will automatically convert to an old-age pension of the same amount
- at your retirement age, if your disability began in 2017 or later,
- at age 63, if your disability began between 2006 and 2016, or
- at age 65, if your disability began in 2005 or earlier.
The same age limits apply to the partial disability pension. It will also automatically convert to an old-age pension, doubling in amount to match a full disability pension.
If you have worked while getting a disability pension, the additional pension you have earned for that work will not be paid automatically; you must claim it separately. Additional pension from work done while drawing a pension has accrued since 2005. You can claim this additional pension as soon as your disability pension has been converted to an old-age pension and when your employment has ended.
If you get a partial old-age pension, you can move to a full old-age pension when you reach the retirement age for your age group. This means that you can start getting the rest of your earned old-age pension. If you start the old-age pension later, the part of the old-age pension that you have not taken out early will increase thanks to an increment for late retirement. When you start getting the full old-age pension, you must end your main employment.
You can retire on an old-age pension as soon as you have reached the retirement age for your age group. You can choose whether to immediately claim your old-age pension or continue receiving the daily unemployment allowance (including additional days of the unemployment allowance) until the age of 65.
The retirement age for the national pension is 65 if you were born before 1965. If you were born later, the retirement age is the same as the retirement age in the earnings-related pension system. It is linked to how long people are expected to live.
If you were born before 1962 and qualify for a national pension, you can choose to take it early at age 64. If you do this, the amount of your national pension will be permanently lower than if you took it at age 65. The amount of your pension will be reduced by 0.4% for each month that you take it early. If you claim the national pension at age 65, your pension will not be reduced.
If you were born in 1962 or later, you cannot take the national pension early.