Elderly employees and self-employed persons can reduce their working hours by switching to part-time work and claiming a partial old-age pension. The minimum age for retirement is 61. Those who were born after 1963 may retire later. The old-age pension is permanently cut by 0.4% for each pension month by the early retirement deduction that is part of the system.
Employees who wish to take a partial old-age pension must agree on their semi-retirement with their employer. Employers are under no obligation to provide part-time work.
The eligibility criteria for partial old-age pension are slightly different depending on whether the employee works in the private sector or the public sector. The partial old-age pension schemes of self-employed farmers and seafarers also have certain special features.
More information about partial old-age pensions is available at www.työeläke.fi.