Retiring while receiving earnings-related allowance

You are entitled to an old-age pension without a reduction for early retirement if you

• were born in or after 1950 and
• have turned 62 and
• have received additional earnings-related allowance for at least one day in the month preceding the start of your pension.

If you were born between the years 1958-61, you must be 64 years to qualify.

It is sufficient if you meet the conditions by the last day of the month before your pension starts.

Example: The maximum payment period for your allowance ends on 7 February and you begin additional days on 8 February. You turn 62 on 17 February and receive an allowance in February. You are entitled to an old-age pension without an early retirement reduction from 1 March.

At your request, the unemployment fund will provide you with a certificate on the additional days. The certificate needs to be separately requested. You can make the request when submitting your application, which you can submit for shorter period than normal in this case.

Example: You usually apply for an allowance in periods on one calendar month. The maximum payment period for your allowance ends on 7 February and you begin additional days on 8 February. You plan to apply for an old-age pension from 1 March, as you will turn 62 on 17 February. Send your allowance application for the period 1 February to 8 February and ask the fund for a certificate on the additional days in the Further information section. Apply for an allowance for the rest of February at the beginning of March.

You must apply for an old-age pension from the pension insurance company in advance; it is not granted retroactively. You can ask for more information on applying for an old-age pension from your own pension insurance company or the Finnish Centre for Pensions.