Old-age pension for long-term unemployed
An aged long-term unemployed person can take out old-age pension at 62 if the following 2 conditions are met:
- born in 1957 or earlier, and
- receives extended unemployment allowance
Extended unemployment allowance requires that
- the applicant has been working for at least five years during the past 20 years, and
- if born in 1955 or 1956, reaches the age of 61 before exhausting the maximum payment period, or
- if born in 1957 or later, reaches the age of 61 before exhausting the maximun payment period.
A person born in 1958 or later cannot retire on old-age pension before the lowest retirement age of the age group.
More information on earnings-related unemployment allowance and extended unemployment allowance is available at the Federation of Unemployment Funds tyj.fi. Information about basic unemployment allowance at Kela. A large employer may be obliged to pay the employer’s liability component if it has dismissed an elderly employee and the employee has been unemployed for a long time, read more at tvr.fi/en/.