Eläkesanasto Ordlista Pension Glossary

increase for late retirement

If you postpone retirement and do not take out your pension when you reach your retirement age, the pension you have accrued up to the month in which you reach your retirement age will be permanently increased by 0.4% for each month from your retirement age to when you start drawing your pension. That means an increase of 4.8% per year.

Read more about the increase for late retirement

Back to Pension Glossary