Eläkesanasto Ordlista Pension Glossary

personal retirement age

The personal retirement age is a retirement age that has been in place in the public sector. It could be between 63 and 65 years old, and it applied to people who worked in the public sector before 1993, kept workikng in the public sector without interruptions until they reached their personal retirement age, and were born before 1960.

It has been profitable to continue working until reaching the personal retirement age, as the public sector old-age pension accumulated before 1995 is paid at a higher amount than it would have been had the person retired when reaching their general retirement age.

People born in 1959 reached 65 in 2024. That is why nobody’s pension amount will be affected by the personal retirement age as of 2025.

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