You were born in 1949 or earlier

The old regulations concerning unemployment pension apply to you if you were born in 1949 or earlier.  If you are unemployed, have been unemployed for a long time and you have passed your 60th birthday, you are entitled to unemployment pension until your 63rd birthday. If the terms and conditions for receiving unemployment pension are fulfilled after the age of 62, old-age pension is awarded in place of unemployment pension. Unemployment pension starts from the beginning of the month following the conclusion of the maximum period for unemployment allowance (500 days).

Other criteria include

• You are no longer entitled to unemployment allowance. The unemployment fund or Kela issue a certificate.
• No appropriate employment can be found for you. The employment authority issues a certificate.
• You have been employed (= within the sphere of earnings-related pension legislation) for a total of 5 years during the 15 years preceding the start of the pension.

You were born in 1950 or later

If you were born in 1950 or later, you are not entitled to unemployment pension. You are entitled to unemployment allowance for a period of 500 days. You can be paid continued unemployment allowance until the age of 65. The criteria for receiving continued unemployment allowance is that you reach the age of 59 before you have received unemployment allowance for the maximum 500-day period and that you have been in pension insured employment for at least 5 years during the last 20 years. Alternatively, you can take old-age pension at the age of 62. Your pension comprises the pension that has accrued by that time without an abate for early retirement.