Ilmarinen /Pension and rehabilitation /Apply for pension / When can I retire?

When can I retire?

The earnings-related pension provides security for you in the event of illness and old age and for your family when you die. There are several options for retiring on an old-age pension.

When is retiring an option?

You can retire on an old-age pension flexibly based on your birth date. You can start drawing part of your old-age pension at the age of 61. A partial pension can help you reduce your workload.

Pension also helps if your work ability deteriorates, you want to work less or your spouse passes away.

Your birth year determines when you can retire on old-age pension

You can retire on old-age pension once you have reached your lower old-age pension age. Your pension can begin at the earliest at the start of the following month. If you retire later, your pension continues to grow. Check your retirement age in the table below.

In addition to your lower old-age pension age, you have a target retirement age and an upper old-age pension age.

The target retirement age is the age at which the increase for deferred retirement has increased your pension as much as the life expectancy coefficient reduces it. If you retire after the target retirement age, your pension will grow even more.
The upper old-age pension age is the age until which your work is insured and accrues pension for you. If you have entered a new employment relationship alongside your old-age pension, apply for the pension accrued on this employment at your upper old-age pension age.

Check your lower and upper old-age pension age and your target retirement age in the table. To find out your exact retirement date, go to the MyPension service and use the old-age pension calculator.

Birth year	Lower old-age pension age	Estimated target retirement age	Upper old-age pension age	Part-time pension age	Years-of-service pension age
1953 or before	63 yrs	No target retirement age	68 yrs	61 yrs	-
1954	63 yrs	63 yrs 9 m	68 yrs	61 yrs	-
1955	63 yrs 3 m	64 yrs 1 m	68 yrs	61 yrs	63 yrs
1956	63 yrs 6 m	64 yrs 5 m	68 yrs	61 yrs	63 yrs
1957	63 yrs 9 m	64 yrs 9 m	68 yrs	61 yrs	63 yrs
1958	64 yrs	65 yrs 1 m	69 yrs	61 yrs	63 yrs
1959	64 yrs 3 m	65 yrs 5 m	69 yrs	61 yrs	63 yrs
1960	64 yrs 6 m	65 yrs 9 m	69 yrs	61 yrs	63 yrs
1961	64 yrs 9 m	66 yrs 2 m	69 yrs	61 yrs	63 yrs
1962	65 yrs	66 yrs 6 m	70 yrs	61 yrs	63 yrs
1963	65 yrs	66 yrs 8 m	70 yrs	61 yrs	63 yrs
1964	65 yrs	66 yrs 9 m	70 yrs	62 yrs	63 yrs
1965 or after	The life expectancy for your age group and the length of your career are decisibe factors - use our pension calculator for the latest estimate			3 yrs before lower old-age pension age	2 yrs before lower old-age pension age

Partial old-age pension at the age of 61

If you were born in or before 1963, you can retire on partial old-age pension at the age of 61. If you were born after that, you can retire at a later date. You can retire on partial old-age pension after having reached your lower old-age pension age.

Use the MyPension service’s pension calculator to find out when you can retire on partial old-age pension. Read more about the partial old-age pension.

Old-age pension at the age of 62 based on unemployment

If you have been unemployed for a long time and you were born before 1958, you may be entitled to old-age pension at the age of 62. Read more about the old-age pension for the unemployed.

Survivors’ pension provides security in the event of death of a loved one

If your spouse passes away, you may be entitled to a surviving spouse’s pension. If a parent passes away, children under 18 are entitled to an orphan’s pension. The survivors’ pension begins at the start of the month following the month of death. Read more about the survivors’ pension for surviving spouses and children.

If your work ability weakens, turn to Ilmarinen for support

Vocational rehabilitation is an option when work ability weakens. If rehabilitation does not help, you can apply for a disability pension or a years-of-service pension.

Vocational rehabilitation

If you fall ill, it is always important to find out first if rehabilitation could be an option for you. If the conditions for rehabilitation exist, we will support you.

Read about vocational rehabilitation

Disability pension

If your work ability has weakened due to an illness or injury and rehabilitation is not possible in your life situation, the options to be considered are a partial, fixed-term or permanent disability pension.

Read about the disability pension

Years-of-service pension

This pension type might be a suitable option for you if you are 63 years or over. Eligibility for a years-of-service pension requires that your work ability has weakened and you have performed strenuous work for at least 38 years.

Read more about the years-of-service pension