When an employee retires
Employer Tools for Employees Approaching Retirement
Brochures and checklists
Our brochures and checklists on old-age pensions are here to support you in your daily work. Feel free to use them — and share them with a colleague or an employee.
Old‑age pension – Employer’s Guide
Checklist for supervisors and HR about old‑age pension
Checklist for applying for old‑age pension
Brief Insights on Pensions
Watch pension-related videos designed for employers and managers. In these short videos, we cover key topics related to earnings-related pensions and practical workplace situations from an employer’s perspective.
The videos are in Finnish. You can enable Swedish subtitles from the lower right corner of the video player. Automatically generated subtitles may contain inaccuracies.
Employer’s guidelines on different pensions
Check if your employee meets the requirements for old-age pension
- Your employee can retire on old-age pension once they have reached the minimum retirement age and the employment relationship has ended.
- In the company’s online service, there is a list of employees who will reach the minimum retirement age within the next 10 years.
- The employee must apply for the pension themselves.
Ensure your employee terminates their employment
- The employment contract ends automatically at the end of the month in which the employee reaches the maximum retirement age. If the employee retires earlier, they must terminate their employment in accordance with normal notice periods.
- If the employer wishes to end the employment before the employee’s maximum retirement age, normal termination grounds apply. In other words, reaching the minimum retirement age is not a valid reason for termination.
- The employer and employee may also agree to continue the employment beyond the maximum retirement age, even though the contract would otherwise end automatically.
Agree on vacation
- If your employee has unused vacation days, you can agree whether they will take the vacation before the employment ends or whether you will compensate it in cash.
Report the end date of employment to the Incomes Register
- You must report the employee’s final earnings and the end date of employment to the Incomes Register. Based on this information, the employee can receive a final pension decision.
Partial old-age pension gives your employee the opportunity to reduce their workload before retiring on full old-age pension. As a partial pension, they can take 25% or 50% of the pension accrued by the end of the previous year.
The minimum age for partial old-age pension is:
- For those born in 1963 or earlier: 61 years
- For those born in 1964: 62 years
- For those born in 1965 or later: three years before their own minimum old-age pension age
Working while on partial old-age pension is flexible. Your employee can choose whether to continue working during the partial pension period or not. Any changes to the employment relationship, such as reducing working hours, are always agreements between the employee and the employer. Your employee is entitled to partial old-age pension even if they continue working as before.
Work during partial old-age pension is insured, and the employee continues to accrue pension as usual.
If your employee’s work ability deteriorates, they may be eligible for:
Survivor’s pension provides security for your employee’s family in the event of death.
Eligibility may apply to:
- A child under 20 years
- A spouse
- A cohabiting partner
- A former spouse
Survivor’s pensions include widow’s pension and child’s pension.