Paying TyEL contributions

Contract employers pay their TyEL contributions in advance during the year. The final contribution for the company is calculated in the spring with an annual calculation, once the employer has declared the employee’s earnings for the previous year.

Advance contributions debited by Ilmarinen can be paid on the agreed due dates based on an estimated payroll. Alternatively, employers can pay unprompted monthly contributions based on the previous month’s wages.

Any changeover from advance contributions to monthly contributions and vice versa must be separately agreed upon with Ilmarinen.