Part-time pension amount
The amount of part-time pension is calculated based on the reduction in your earnings. The pension amount is 50 per cent of the difference between the stabilised earnings for your full-time employment and the salary for your part-time work.
Stabilised earnings for full-time employment refer to your average salary for the five calendar years preceding the start of part-time pension. Calculating salary takes into consideration all earnings in line with earnings-related pension legislation.
Your part-time pension may amount to no more than 75 % of the earnings-based pension that you have accrued by the time you start your part-time pension. This condition may limit the amount of your part-time pension if you have been in working life for a relatively short time. The pension may have accrued within the sphere of MEL or some other earnings-related pension legislation. The pension may also have accrued in another EU or ETA country.
You should specify your earnings for part-time work accurately so that the pension decision is based on the correct information. Your pension will be recalculated if your earnings change considerably (+/- 10 per cent) during the period of part-time pension.
Part-time pension is formulated for example like this:
| Stabilised earnings for full-time employment |
3 000 € |
| Part-time work earnings |
1 550 € |
| Reduction in earnings |
1 450 € |
| Part-time pension amount = 50 per cent of reduced earnings |
725 € |
You will receive a 725 euro part-time pension if earnings-based pension amounting to a minimum of 967 euros has accrued by the time you start your part-time pension (75 per cent limit).