At the end of one’s career
As your retirement age approaches, you get to make a significant personal decision: you can continue working, take part-time retirement, or enjoy your retirement days in full. We also offer information on what to do if you need to retire on a disability or career pension or if you become unemployed just before retirement. There is also the option of returning from retirement to continue working.
Working at retirement age
Continued employment after the earliest retirement age
Working can be motivating even if you are reaching retirement age. The older you are when you end your career, the higher your pension will be. However, you must sign a new employment contract even if you continue with the same work.
Work arrangements made at the workplace, vocational rehabilitation, or partial disability pension can all help you to continue working if, for example, you have an illness or a life situation that reduces your ability to work. Even if you are unable to continue your current work, you may still have plenty of work ability left for some other tasks or to continue working on a part-time basis.
- Working longer pays off (tyoelake.fi)
- Diminished work ability (keva.fi)
- Working as an entrepreneur during retirement age (yrittajat.fi, in Finnish)
Part-time pension and partial early old-age pension
Part-time pensions were abolished at the beginning of 2017 with the introduction of the pension reform. The pension reform did not affect part-time pensions that have already begun – if you are in this category, you will continue to receive your part-time pension as normal until you retire. The reform replaced the part-time pension with a partial early old-age pension.
Becoming unemployed towards the end of one’s career
If you become unemployed at the end of your career, you may be entitled to unemployment security. Register as an unemployed job seeker through the E-services of TE services no later than on your first day of unemployment.
Retirement at the end of your career
When you are about to retire, you should use the pension calculator to check how much pension you will receive. Once you have made your decision to retire, terminate your employment and fill in the pension application form. It is a good idea to apply for your pension approximately two months before retirement.
- Claim your pension (tyoelake.fi)
- Order a tax card for your pension (vero.fi)
- Pension calculator (tyoelake.fi)
You can apply for an old-age pension once you reach the minimum retirement age for your age group. With the same application, you can apply for a pension from both Kela and an employee pension institution.
If your ability to work has deteriorated permanently and you were born in 1955 or later, you can apply for a years-of-service pension. This is a new alternative introduced by the pension reform for those who have had a long career of heavy work.
You may receive a disability pension (sickness pension) if you are not yet at the age of retirement and your ability to work has been reduced for at least one year, for example due to illness or disability.
Pension from abroad
If you live in Finland and apply for a pension from an EU or EEA country or Switzerland, you must notify Kela, your employee pension institution, or the Finnish Centre for Pensions that you are also applying for a pension from abroad. You will need a separate application form for other countries with which Finland has a bilateral social security agreement. The Finnish Centre for Pensions will submit your application to the relevant organisations overseas.
You must yourself find out about your pension entitlements in countries with which Finland has not made such an agreement.
Work during retirement
Even if you are already retired, you can return to work if you wish. While receiving an old-age pension, meaning a pension received because of reaching a certain age, you can work without facing any income limits. However, it is a requirement that your pre-retirement employment relationship has been terminated. You can also work while on a part-time pension and disability pension. There are certain restrictions that apply in these cases, however, including income limits. When on a disability pension, you can try returning to work by pausing your pension based on certain conditions.
When on a pension you get to decide, according to your life situation, whether you want to work or to participate in voluntary activities.
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