Partial old-age pension

Partial old-age pension offers flexibility in life, and you can start receiving it at the age of 61. This pension is possible if you have not been granted any other type of earnings-related pension. Voluntary pension paid by your employer does not prevent you from receiving partial old-age pension.

How to apply for partial old-age pension

  1. Plan. Estimate the amount of your pension in our online service to support your decision. If your partial old-age pension begins before you reach your minimum retirement age, a permanent reduction for early retirement will be applied to your pension. If you retire on old-age pension after you reach your minimum retirement age, your pension will be credited with an increase for deferred retirement, and this increase is also permanent.
  2. Agree. You do not need to inform your employer about your decision to retire on partial old-age pension, but if you wish to change your working hours, you must agree on this with your employer. If you stop working altogether, resign from your job in the usual way. If you are self-employed and you change your work input in connection with drawing partial old-age pension, report the new amount of your YEL income in your application.
  3. Apply. Fill in the electronic pension application in our online service. At the same time, if you choose our electronic service, you will receive your pension decision in your electronic archive and you will be notified when the decision is made. If you do not choose our electronic service, the decision will be sent to your home address. The processing time varies, but right now it is one day. 

Partial old-age pension


File an application for partial old-age pension in Varma Online Service

Amount of partial old-age pension

With partial old-age pension, you can draw 25% or 50% of the pension you have accrued until the turn of the previous year. If your partial old-age pension begins before you reach your minimum retirement age, a permanent reduction for early retirement will be applied to the pension you draw. If your partial old-age pension begins after you reach your minimum retirement age, your pension will be credited with an increase for deferred retirement. If your partial old-age pension begins at your minimum retirement age, your pension will not be affected by either the reduction for early retirement or the increase for deferred retirement.

If you choose to draw 25% of your pension, you can draw the other 25% later on. It is not possible to switch the proportion of pension you draw from 50% to 25%, or to change the proportions in any other way. Please note that partial old-age pension cannot be cancelled after three months have passed from the date when the decision was issued.


Calculate an estimate of your partial old-age pension in Varma Online Service

Index changes at the turn of the year

  • The amount of partial old-age pension that started on or before 2022 is increased by the earnings-related pension index at the beginning of January. The earnings-related pension index is expected to grow by 6.5 per cent.
  • When calculating the amount of partial old-age pension starting on 2023, earned income is adjusted to the 2023 level with the wage coefficient. The wage coefficient is expected to grow by 3.6 per cent.
  • If another 25% share is added at the latest as of 1 December 2022 to partial old-age pension that has been granted before, the entire pension (50%) is increased by the earnings-related pension index at the beginning of January. 

The Ministry of Social Affairs and Health confirms the indices by the end of October.

Read more about indices

The age limit for partial old-age pension is rising

The minimum age of eligibility for partial old-age pension is currently 61. The pension can begin, at the earliest, at the start of the month following the application. Thus, it cannot be granted retroactively.

The minimum age limit for partial old-age pension will rise. The minimum age limit for those born in 1964 is 62. The age limit for those born in 1965 or after is three years before their personal minimum retirement age for old-age pension. 

Check with our pension calculator when you are eligible for partial old-age pension

Help with using our services

Take care of your pension matters online

In our online service, you can, for instance

  • fill in an application for partial old-age pension
  • see which processing phase your application is in
  • see Varma’s decision
  • use the services for pensioners once you have received a decision
  • send and receive messages and attachments.
Log in to Varma Online Service