What to do when your employment ends before retirement age

If your work employment ends, your pension accrual on earnings from employment ends. Unemployment allowance secures the income of a person of working age during periods of unemployment. For earnings-based daily allowance periods, pension accrues until the minimum pensionable age for old-age pension, but the level is somewhat lower than for periods of work. Unemployed persons approaching their pensionable age can receive the daily allowance for a longer period of time, for so-called additional days. The pension granted after the unemployment allowance is usually an old-age pension.

Find out the amount of your pension in Varma Online Service

You can see the amount of pension you have accrued in your pension record in Varma’s online service. You can also calculate a new estimate of the amount of your future pension by selecting ‘Pension estimates’. Select old-age pension and a retirement starting date. You can add ending date of your employment.

Read more information in our brochure Pension cover for the unemployed 2022 (pdf)

For further information on earnings-based daily allowance, please contact your unemployment fund or the Federation of Unemployment Funds in Finland, and Kela for information on the basic unemployment allowance.

Log in to Varma Online Service