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

Effective Retirement Age

No major changes in the expected effective retirement age

In 2015, the average effective retirement age in the earnings-related pension scheme was 61.1 years. It fell by 0.1 years from 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 2015, the total number of new pensioners rose by 4,000 compared to 2014. Less than 19,000 individuals retired on a disability pension, which is slightly less than in 2014. A record-high number of people – 55,000 – retired on an old-age pension in 2015.

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



Effective Retirement Age

Producer: Finnish Centre for Pensions
Website: 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.

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.