Effective Retirement Age

No change in effective retirement age

In 2016, the average effective retirement age in the earnings-related pension scheme was 61.1 years. It was the same as in the previous year. The development of the effective retirement age corresponds almost completely with the forecasts. Changes in the effective retirement age are measured by the expected effective retirement age, which is based on starting pensions for different age cohorts.

In 2016, the total number of new pensioners on an earnings-related pension rose to nearly 76,000 persons. Again, a record-high number of people retired on an old-age pension: 57,000 persons.

The number of new disability pension recipients in 2016 was 18,800 persons. The number of new retirees on a disability pension has remain on the 2014 level in the past few years. During a decade before that, the number constantly decreased.

Effective retirement age in the earnings-related pension scheme 

Expected effective retirement age for 25-year-olds and 50-year-olds

 Year 25-year-olds  50-year-olds
2010 60.4  62.3
2011 60.5 62.4
2012 60.9 62.7
 2013  60.9 62.6
 2014  61.2  62.8
 2015  61.1 62.8
2016 61.1 62.8

Statistical tables and figures


Statistical services provides further information


Effective Retirement Age

Producer: Finnish Centre for Pensions
Website: http://www.etk.fi/en/statistics-2/statistics/effective-retirement-age/
Subject area: Social security
Part of the Official Statistics of Finland (OSF): No


The statistics includes the central parameters that depict the effective retirement age on an earnings-related pension. The release also includes a description of the calculation principle of the expected effective retirement age.

Data content

The central parameters are the expected effective retirement age for 25- and 50-year-olds, the average age and the median age.


Private and public sector, gender and age, pension benefit

Methods of data collection and source

The data are based on the registers of the Finnish Centre for Pensions.

Update frequency

Once a year

Time of completion or release

The statistics is released in February. For a more detailed schedule, consult the Release Calendar http://wp-prod-etk.soft.ware.fi/en/statistics-2/statistics/release-calendar/

Time series

Figures for the entire earnings-related pension scheme are available as of the year 1996. The time series for the private sector begins in 1983.

Key words

social insurance, pension, earnings-related pension, retirement, effective retirement age

Contact information

Jari Kannisto
Development Manager
+358 29 411 2232, jari.kannisto(at)etk.fi

Concepts and Definitions

Indicator of Effective Retirement Age

The Finnish Centre for Pensions has developed an indicator to measure the effective retirement age which is not affected by the age structure of the population. The indicator is called expected effective retirement age.

The indicator describes the development in the effective retirement age. Introduced in 2003, the indicator reacts immediately and in the right direction to changes in retirement risk. As regards the private sector, the expected effective retirement age has been calculated from 1983 and, as regards the whole earnings-related pension scheme, from 1996.

The expectancy is calculated for both 25-year-olds and 50-year-olds. The expectancy for 25-year-olds describes the effective retirement age for the whole population insured for earnings-related pension benefits, and it is used as the official indicator to describe changes in effective retirement age. The expectancy for 50-year-olds is calculated based on insured who have reached the age of 50. Since persons who have retired under the age of 50 are not included in the calculation, the expectancy for a 50-year-old is always higher than that of a 25-year-old. The difference depicts the impact that retirees between the ages of 25–49 have on the effective retirement age. Annually, approximately 10 per cent of those who retire are less than 50 years.