A more recent publication of this set of statistics is available: Effective Retirement Age

Effective Retirement Age

The effective retirement age remained unchanged

In 2013, the average effective retirement age in the earnings-related pension scheme was 60.9 years. Although the effective retirement age remained on the same level as in 2012, it has increased by two years from the level prior to the 2005 pension reform. This exceeds the forecasts. Changes in the effective retirement age are measured by the expected effective retirement age, which is based on pension contingencies in different age cohorts.

Last year, the total number of new retirees rose clearly compared to 2012. As in 2012, an ample 20,000 persons retired on a disability pension, while more than 50,000 persons retired on an old-age pension. This constitutes a nearly 10-per-cent increase from the previous year.

In the private sector, the expected effective retirement age in 2013 was 61.1 years, i.e. the same as in 2012. In the public sector, on the hand, the expected effective retirement age dropped by 0.2 years to 61.3 years. Since 2007, the expected effective retirement age has been higher in the public than in the private sector.

The difference between men and women regarding the effective retirement age has disappeared in the last few years. Now men and women retire at the same age. Last year, the expected effective retirement age for men was 60.9 years and for women 60.8 years. Previously, the expected effective retirement age was clearly higher for women than for men.

More than 73,000 individuals retired on an earnings-related pension in 2013, an increase of more than 4,000 persons compared to 2012. This is the second-highest number of new retirees since the record was set in 2009, when nearly 80,000 individuals retired.

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
 2007  59.5  61.6
 2008  59.4  61.4
 2009  59.8  61.7
 2010  60.4  62.3
 2011  60.5  62.4
 2012  60.9  62.7
 2013  60.9  62.6