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Working during retirement

It is possible – find out how

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Working while on a pension

You may work while collecting pension without any impact on your pension paid by Varma. Part-time and disability pensions are subject to earnings limits, however. Work carried out alongside a pension accrues new pension.

Earnings subject to withholding tax, including holiday bonuses and fringe benefits, are considered income that accrue pension. Capital gains, such as rent and dividend income, do not impact the payment of earnings-related pension.

  • There is no income limit while retired on an old-age pension or a partial old-age pension.
  • The part-time pension has a personal income limit, which has been agreed on at the start of the pension.
  • The disability pension has an earnings limit which is a percentage of your income level before your pension began or at least 834.52 euros/month.  The latter limit also concerns the years-of-service pension.

Take a closer look at earnings limits

When can you apply for the payment of the new pension?

  • Working while on an old-age pension
    Submit a new application for pension accrued while receiving old-age pension when you turn 68.

  • Working while on a partial old-age pension
    Apply for old-age pension after you have reached the lowest retirement age once your employment ends.

  • Working while on a part-time pension
    Apply for old-age pension after you have reached the lowest retirement age once your part-time work ends.

  • Working while on a disbility pension
    Apply for old-age pension when your employment ends and you have reached your retirement age (65 or 63; for those who have become disabled after 2016 or have received years-of-service pension: the lowest retirement age applicable to their age group).

If you are receiving disability or part-time pension, check your income limit

Disability pension

While on a disability pension, you can always earn 834.52 euros/month. For full disability pension the personal limit is 40% and for partial disability pension the limit is 60% of your previous income.

Your personal income limit is stated in your pension decision. If you do not know what your income limit is, you can get it from Varma at the email address tyokyvyttomyyselake@varma.fi or at our eService.

Learn more

Part-time pension

When you retired on a part-time pension you was granted a personal earnings limit.

Your earnings may occasionally be 15% lower or higher than your personal income limit. Your earnings must not, however, ever fall below 35% or exceed 70% of your income level for full-time work.

If your earnings change or end

Old-age pension and partial old-age pension

You can work while receiving an old-age pension without your earnings affecting the amount of your current old-age pension. There are no earnings limits.

There are no earnings limits for persons receiving partial old-age pension either; they can work as much as they want.

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