New types of pensions

Those working in physically or mentally demanding professions can retire at the age of 63 after having carried out at least 38 years of work (years-of-service pension). A condition for the pension is also impaired workability. The pension amount consists of disability pension excluding the component for projected pensionable service.

Part-time pension will be replaced by partial early old-age pension, the age limit for which is 61 years until the year 2025 and 62 years thereafter. The amount of pension will be either 25 or 50 per cent of the pension that has accrued by the start of retirement, adjusted by the life expectancy coefficient. The amount will also be reduced with a monthly reduction of 0.4% for every month of early retirement. Early old-age pension does not require working part-time.