Take care of your employees’ pension cover – Take out TyEL insurance with Ilmarinen
Taking out TyEL insurance with the highly solvent Ilmarinen pays off – as our customer, you benefit from a wide offering of free coaching and training and the best discounts in the sector. Welcome to Ilmarinen!
TyEL insurance secures your employees’ pensions
When you hire an employee, you need to take out statutory, i.e. mandatory TyEL insurance for him or her. As an employer, you must insure all your employees under an employment contract under TyEL. That ensures that they will accrue pension. As an employer, you benefit from our excellent services and the best client bonuses in the sector.
Employers are obligated to insure their employees’ work under TyEL if the employee’s earnings are at least EUR 68.57 per calendar month (at the 2024 level) and EUR 65.26 per calendar month (at the 2023 level).
Contract employer or temporary employer?
As an employer, you can manage your employees’ pension cover either as a contract employer or a temporary employer. You are a temporary employer if you do not employ any permanent employees and the salary you pay does not exceed EUR 9,882 in six months (2024) and EUR 9,348 (2023).
Earnings report to the Incomes Register
Report to the Incomes Register the paid wages and salaries, fringe benefits and other earnings in the earnings payment report. As a rule, you need to submit the report within 5 days of the wage payment date. You can use the same report to report different types of earnings paid to your employees, such as monetary wages, fringe benefits and kilometre allowances.
Read more about reporting earnings
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TyEL calculator
Estimate the size of the TyEL contribution and how deferring the due date impacts the TyEL contribution due to the insurance contribution interest.
Go to the TyEL calculator -
Payroll calculator
Calculate an estimate of the indirect employer costs when considering hiring an employee or giving an employee a pay raise.
Go to the payroll calculator -
Absence calculator
The absence calculator enables you to estimate the costs resulting from an employee’s sick leave. By reducing absences in your company, you can achieve significant savings.
Go to the absence calculator