Special and partial old age pensions

Special old-age pensions comprise several types of pensions granted to people of working age. As such, they cannot be considered traditional old-age pensions. They are based on social or health-related criteria, and/or labour-market circumstances or agreements that enable people to take full or partial voluntary retirement.

Denmark

A voluntary early old-age pension scheme has been introduced for members of an unemployment fund aged 60–64 who have paid into the pension scheme for 30 years. The 2011 ageing and pension reform led to changes in the voluntary early old-age pension scheme e.g., a reduction of the pension period and an increase of the age at which people may opt to take it. As a result, from 2014 to 2023, the age for receiving the voluntary early-old-age pension will gradually increase to 64. From 2018 to 2023, the voluntary old-age period will be gradually reduced from five years to three.
Similarly, a “flexi-benefit” is also available. This is a voluntary old-age scheme for people aged 60–64 working in “flexi-jobs”. Very few people use the partial old-age pension scheme – for 60–64-year-olds who have not paid into the voluntary early old-age scheme – and therefore it is being phased out.

Faroe Islands

People between the ages of 18 and 66 whose working capacity has been reduced by at least 50 per cent may, for social and health-related reasons, apply for the lowest amount of disability pension.

Finland

Employees and self-employed people who have turned 63 may be awarded an old-age pension. Taking up the old-age pension early entails a permanent reduction in the amount, including when the recipient reaches the age of 63. All early old-age pensioners have been included in the statistics as old-age pensioners. Self-employed people and employees who have been working for a long time may choose a part time pension when they reach the age of 61 and they reduce working hours. Farmers who cease work before reaching pensionable age may be granted a special pension

Iceland

Fishermen with 25 years’ experience may retire at the age of 60.

Norway

For certain jobs, special age limits apply. For example, for most people working in the police force or in defence, the age limit is 60, but under certain circumstances they may retire at the age of 57.
The AFP (Collective Agreements Pension, Avtalefestet pensjon) is awarded as a life-long supplement to the old-age pension. In the public sector, the scheme is a time-limited early old-age scheme (62–67 years) that entitles public employees who are not subject to a special age limit to retire from the age of 62. Other pension schemes are adaptations of the National Social Insurance Scheme, and function as special early old-age schemes for people under 67. For example, this applies to the pension scheme for sailors and fishermen, who may draw an old-age pension from the age of 60.

Sweden

No new partial old-age pensions have been awarded since 2000.