Old-age pension for the unemployed

If you have been unemployed for a long time and you were born before 1958, you may be entitled to retire on old-age pension at the age of 62. Although the old-age pension for the unemployed begins already before the actual retirement age, the pension is not subject to a reduction for early retirement.

When can I retire on old-age pension for the unemployed?

You can retire on old-age pension for the unemployed if

  • you are paid unemployment allowance for additional days and
  • you were born before 1958.

Retiring on old-age pension for the unemployed

You can retire at the earliest at the beginning of the following month after having been paid an allowance for at least one additional day and you have turned 62. You can decide whether to retire or continue drawing the allowance. Old-age pension for the unemployed cannot be applied for retroactively.

Request a certificate of the additional days from your unemployment fund or Kela. Submit the certificate of additional days to us in the MyPension service using the ’Send a message’ feature.

If you are aged 60 or over and unemployed, the old-age pension for the unemployed is not your only option. If you do not retire on old-age pension for the unemployed, you will accrue more pension on your earnings-related allowance until the lower retirement age.

If you are unemployed, you can choose not to apply for pension early and retire on old-age pension at the lower retirement age or later.
Alternatively, you can apply for a partial old-age pension and draw the allowance at the same time. The partial old-age pension will reduce your final pension.

Apply for old-age pension for the unemployed in the MyPension service by filling in the application for old-age pension for the unemployed.

MyPension service

Payment and taxation of pensions

Pension is paid on the first banking day of each month. Pension is taxable income. You need to order a tax card for pension from the tax authority. Order a pension tax card from the tax authority Vero.fi.

Read more about the payment of pensions