Eläkeikänsä

Eläkeikänsä refers to a person's retirement age in Finnish. It is a crucial concept in social security systems, particularly in Finland, as it determines when an individual becomes eligible for pension benefits. The retirement age can vary depending on factors such as the individual's birth year, the specific pension system in place, and any accumulated pension rights.

In Finland, the statutory retirement age has historically been a fixed age, but recent reforms have introduced more flexibility and a link to life expectancy. This means that as people live longer, the retirement age may gradually increase. There are often different retirement ages for different types of pensions, such as old-age pensions and disability pensions.

Individuals may also have the option to retire earlier or later than the statutory retirement age, often with corresponding adjustments to their pension amount. Early retirement typically results in a reduced pension, while deferring retirement can lead to a higher pension. Understanding one's eläkeikänsä is important for financial planning and ensuring a secure retirement. Information regarding retirement ages and pension systems is usually provided by national pension institutions, such as Kela or the Finnish Centre for Pensions.