Part-Time Pensions No Longer Granted
The part-time pension will be abolished from the earnings-related pension scheme. The last part-time pensions began on 1.1.2017. Previously granted part-time pensions will continue. They will follow the rules valid before 2017. The part-time pension has been replaced by the partial old-age pension.
The part-time pension was granted to insured persons aged between 61 and 67 years, providing their working life before retirement was long enough. A person who applied for a part-time pension had to transfer from full-time work to part-time work and not receive any other pension based on their work history.
When retiring on a part-time pension, the working hours had to be reduced so that the earnings from part-time work amounted to 35-70 per cent of the stabilised earnings for the full-time work. Working part-time was a precondition for receiving a part-time pension.
The amount of the part-time pension is 50 per cent of the difference between the full-time and part-time earnings (earnings reduction) but, at most, 75 per cent of the old-age pension accrued up to the start of the part-time pension.
In 2016, the number of new retirees on a part-time pension was 4,900, which is 1 200 more than in the previous year. The part-time pension expenditure in 2016 amounted less than one per cent of the total earnings-related pension expenditure of that year.