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Amount and payment

The full amount of the guarantee pension is EUR 976.59 per month.

The full amount is payable if you have no other pension income. The gross (i.e. before-tax) value of your other pension income is deducted from the guarantee pension.

The amount of the guarantee pension is affected by the recipient’s other income from pensions (for persons who receive a disability pension and persons who receive a guarantee pension on the grounds of incapacity for work, also earnings). Other pension income is factored in at its exact amount (down to the cent).

In addition to the disability pension, you can earn a maximum of EUR 976.59 per month without any effect on the further payment of the disability pension or guarantee pension. The earnings limit for the guarantee pension also concerns persons who are permanently blind or unable to move.

The amount of the guarantee pension is affected by the recipient's other income from pensions. Other pension income is factored in at its exact amount (down to the cent).

If the amount of the guarantee pension is less than EUR 7.90 per month, it is not paid out.

Examples of the amount of guarantee pension payable to persons living alone (EUR/month)
National pensionEarnings-related pensions, totalGuarantee pensionTotal pension
--976.59976.59
775.70-200.89976.59
775.7050.00150.89976.59
758.49100.00118.10976.59
708.49200.0068.10976.59
648.28320.417.90976.59
565.12486.73-1,051.85
558.49500.00-1,058.49
Examples of the amount of guarantee pension payable to persons in a couple relationship (EUR/month)
National pensionEarnings-related pensions, totalGuarantee pensionTotal pension
--976.59976.59
692.54-284.05976.59
692.5450.00234.05976.59
675.33100.00201.26976.59
625.33200.00151.26976.59
565.12320.4191.06976.59
481.96486.737.90976.59
475.33500.00-975.33

Index adjustment

Kela annually adjusts the guarantee pensions in line with the index. The pension amount can be either increased or reduced. The customer does not have to take any action due to the index adjustment. Kela will change the amount automatically.

Early old-age pension reduces the guarantee pension

Taking the old-age pension early reduces the amount of the guarantee pension or may prevent it from being paid at all.

  • If you have taken out an early old-age pension before the normal retirement age of 65 years, your guarantee pension will also be paid out at a reduced rate. The percentage by which the guarantee pension is reduced is equal to that applicable to your national pension.
  • If you have taken only your earnings-related pension or self-employed person's pension early, the guarantee pension will in any case be reduced by the percentage that applies to the relevant pension.

Example of early old-age pension and guarantee pension

A person living alone will reach the age of 64 years and 3 months, and wishes to retire in January 2024. She will not qualify for any earnings-related pensions.

Kela will grant her an early national pension and guarantee pension starting 1 January 2024. Each pension will be reduced by 3.6 %, or 0.4 % for each month it is brought forward from the standard age of retirement.

The amount of the national pension is EUR 747.78 per month and that of the guarantee pension EUR 193.65 per month. The total amount is EUR 941.43 per month. Her pension income will thus be permanently EUR 35 lower than it would be had she retired at age 65.

Payment

Guarantee pensions are paid on the 22nd of each month. If banks are closed on the scheduled payment date, the pensions are paid on the nearest preceding banking day.

National pensions are paid on the 7th of each month. The authorised pension providers usually pay the earnings-related pensions at the beginning of each month. Kela sends the data on pensions paid out to the national incomes register within five days of the date of payment.

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