Amount of pension

Earnings-related pension accrues on work and salary

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  2. Amount of pension

What does your pension consist of?

Your pension is affected by

  • annual earned income or, if your are self-employed, your YEL income 
  • certain unpaid periods and
  • the life expectancy coefficient

If your earnings are at least €58.19/month in 2017 (€57.51/month in 2016), your employer has to insure you. Self-employed activities need to be insured if they continue for at least 4 months and the earned income is at least EUR 7,645.25/year in 2017. Check your earnings-related pension record annually to make sure your earnings information is up to date.  

On our eServices, you can check your information when it suits you. In summer of 2017 we will mail the pension record to those born in 1958 or before. Younger persons who were born in the months of May–August will receive the pension record.  Mailing schedule

Check your pension record annually

Information from the previous year may be added until 31 Mar, so it's a good idea to check the record in April.

Electronic record

How to check your pension record

See how to check your earnings-related pension record (pdf).

  • If there is an error in your earnings data, please inform us by submitting an electronic enquiry. 
  • If the error relates to public-sector earnings information, please notify Keva.

If you have not yet applied for pension, you can calculate or order an estimate:

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Which pension and when?

Old-age pension increases towards the target retirement age

To estimate your future pension and to check your retirement age use our pension calculator.
If you are considering retirement, see the instructions How to apply for old-age pension.

Old-age pension (pdf)

Old-age pension for the unemployed

A 62-year-old long-term unemployed employee can receive old-age pension if he/she is born before 1958 and he/she is entitled to additional days of unemployment allowance.
You can check your accrued pension from your pension record.
How to apply for old-age pension for the unemployed
Pension cover for the unemployed (pdf) 

Partial old-age pension

Partial old-age pension is 25 or 50 per cent of the pension you have accrued. Age limit is 61 years.

You can estimate the amount of your partial old-age pension by  using our pension calculator or by logging in to Varma's eServices.

How to apply for partial old-age pension

Partial old-age pension (pdf)

Disability pension

You are entitled to disability pension (or the fixed-term rehabilitation benefit) if you have not yet reached retirement age and your workability has deteriorated considerably. The amount of pension is affected by

  • the amount of pension accrued during your career and
  • the pension for projected pensionable service.

The partial disability pension is half of the full pension. You can calculate an estimate of your disability pension in our online service.
How to apply for disability pension
Disability pension (pdf)

Survivors' pension

The survivors’ pension can be granted to a child under 18 years of age, a spouse or a partner in a registered partnership. A common-law spouse is not entitled to survivors’ pension. The pension is determined by the number of beneficiaries and is at maximum equal to the primary beneficiary’s employment pension. The surviving spouse’s pension may be decreased, if there are no children under the age of 18.
Check the surviving spouse’s right to survivors’ pension.
How does the surviving spouse’s employment pension influence the surviving spouse’s pension?Calculate.
How to apply for survivors’ pension
Survivors' pension (pdf)

Years-of-service pension

You may receive the years-of-service pension at the earliest as of 1st February 2018, if

  • you are 63
  • you have performed strenuous and wearing work for at least 38 years and
  • your workablity is reduced by illness

The years-of-service pension consists of the pension the person has accrued until retirement without any registered supplemental pension. If you are a customer of Varma and are aged 58 or older, you can assess your years-of-service pension on Varma's eServices.
Starting in autumn 2017, you can apply for years-of-service pension.
Years-of-service pension (pdf)

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Check surviving spouse's pension entitlement

The surviving spouse can receive survivors' pension if the marriage was entered into before the primary beneficiary turned 65. When the deceased person and his/her spouse have no common children, there are conditions on the granting of survivors’ pension related to the widow(er)’s age, marital status and duration of marriage. A common-law spouse is not entitled to a survivors' pension.

Was marriage entered into before the deceased turned 65?

Do (or did) the spouse and the deceased have a child together?

Is the widow(er) over 50 years old?

Has the widow(er) been collecting full disability pension for more than 3 years?

Was marriage entered into before the widow(er) turned 50?

Was marriage entered into before 1 July 1990?

Has the marriage lasted for at least 5 years?

The widow(er) is not entitled to survivors' pension.

The widow(er) is entitled to survivors' pension.

Widow(er)'s pension may decrease survivors' pension

Note! When calculating spouse's pension use only amounts of employment pensions. National pension is not included.
If the spouses are not yet pensioners, the disability pension’s amount is used to calculate the survivor’s pension. 

The spouse’s pension may be decreased, if

  • there are no under-aged children
  • spouse’s pension has been granted based on a death that has occurred on 1 July 1990 or later. 

When is spouse’s pension decreased?

  • The widow(er is over the age of 65 or retired > The decrease is made as soon as the survivors' pension begins
  • The widow(er) is under 65 and has not retired > First, half of the pension of the deceased, then deduction after 6 months 
  • The youngest child turns 18 > The decrease is made from the beginning of the month that follows the child’s birthday
  • The widow(er) is granted employment pension > The decrease is made again based on the widow(er)’s actual employment pension

Calculate