osaaikaeläkkeen

Osa-aikaeläke, meaning part-time pension in Finnish, is a retirement option available in Finland that allows individuals to transition gradually into full retirement. It enables a person to continue working part-time while simultaneously drawing a portion of their pension. This means that an individual can reduce their working hours without completely ceasing their employment, and receive a supplementary income from their earned pension rights.

To be eligible for osa-aikaeläke, certain conditions related to age and accumulated pension must be met. Typically, the individual must have reached a specific age, often related to the earliest possible statutory retirement age in Finland. Furthermore, a minimum amount of pension has to have accrued. The amount of part-time pension received is proportional to the reduction in working hours. For example, if an individual reduces their working hours by 50%, they may be entitled to receive approximately 50% of their calculated pension.

The system aims to provide flexibility for older workers, allowing them to maintain social connections through work and a source of income while gradually reducing their workload. It can also be beneficial for employers by retaining experienced staff and facilitating knowledge transfer. The application process for osa-aikaeläke is handled through the Finnish pension provider, typically Ilmarinen, Varma, or Elo. It is important to consult with the pension provider to understand the specific requirements and implications of choosing this retirement option.