Higher earnings-related pension for graduates
If you graduate with a degree your earnings-related pension when you retire can be larger.
Degrees which count towards the pension are
- bachelor's and master's level university degrees
- bachelor's and master's level degrees earned in a university of applied sciences
- a basic vocational qualification.
Further requirements are that
- you earned the degree on or after 1 January 2005
- you were between 18 and 67 years old when you graduated and
- you have been in paid employment which provides you with an earnings-related pension.
You can earn a pension also for a degree you complete outside Finland if you received financial aid from Finland towards that degree.
You can accrue a pension by completing a degree even if you are not a Finnish citizen or you are not covered by the Finnish social security system.
Amount and payment
The total amount of your earnings-related pension depends on how long you have been employed and what were your earnings.
There is a fixed pension accrual period for each degree. The time you take to graduate does not affect the amount of your pension. You can accrue a pension for up to five years for any number of degrees you complete.
|Degree||Accrual period||Amount of pension *|
|Master's level degree earned in a university or a university of applied sciences||5 years||€58.95 per month|
|Bachelor's level degree earned in a university of applied sciences||4 years||€47.16 per month|
|Basic vocational qualification or bachelor's level university degree||3 years||€35.37 per month|
* At the 2022 level, completing a degree accrues pension at the monthly rate of €0.98. When your pension is calculated, the amount is uprated to the level prevailing at the time of calculation.
No pension accrues for periods
- when you were under 18 years of age
- in which you were paid a pension
- preceding 1 January 2005.
- If you began a course of study before 1 January 2005 but graduated after that date, you accrue a pension for the months of active study beginning with January 2005.