Earnings-related pension contributions and discounts
The pension cover of your employees is your responsibility. You can take care of it by paying the TyEL pension contribution. As llmarinen’s customer you get the excellent client bonuses and discounts the sector.
TyEL insurance is statutory
You can take care of your employees’ pension cover by taking out employees’ pension insurance, i.e. TyEL insurance, for them. Pension cover is part of the Finnish social security system. That is why taking out insurance is statutory, which means it is obligatory.
We use part of the contribution you pay to cover the pensions of current pensioners and invest the rest productively and responsibly to secure the pensions of future generations.
How much is the TyEL contibution in 2023?
The basic TyEL contribution is a percentage of the wages and salaries you pay to your employees, i.e. the actual payroll.
In 2023, the basic TyEL contribution is 25.30 % for contract employers. A company-specific administrative cost is added to the basic fee. Your TyEL payment is reduced by the client bonus you receive once a year.
The TyEL contribution percentage applied to a temporary employer is 26.20 % of the payroll.
By logging in to the online service, you can see your TyEL contribution percentage and an estimate of your full TyEL contribution.
The employee pays part of the TyEL contibution
As an employer, you do not pay the entire TyEL contribution yourself; your employees pay a part of it. As an employer, you collect your employee’s share of the contribution from their pay and pay us the entire TyEL contribution. The employee contribution is:
7.15 % for those between 17 and 52
8.65 % for those between 53 and 62
7.15 % for those between 63 and 68
The following affects your TyEL contribution
Your TyEL contribution is reduced by the client bonus that we pay our customers once a year. Ilmarinen’s good solvency and cost-effectiveness will guarantee our customers excellent client bonuses.
The contribution includes Ilmarinen's administrative cost, which is determined by the effectiveness of our operations. The administrative cost is calculated monthly.
In 2023, you are a large employer if your company payroll exceeded EUR 2,197,500 in 2021.
Read more about topics related to TyEL contribution
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Report earnings data to the Incomes Register
The TyEL earnings data you report to the Incomes Register serves as a basis for determining the TyEL contribution. Report the earnings data after each payment of wages.
Read more about reporting earnings data to the Incomes Register -
Determining the TyEL contribution
The size of your earnings-related pension contribution depends on your size as an employer and the client bonus you receive.
Read about how the TyEL contribution is determined -
Paying and invoicing TyEL contributions
In our online service, you can view your upcoming contributions and change the due date of your invoices, if necessary.
Read more about paying and invoicing TyEL contributions -
Large employer’s TyEL contribution
As a large employer, your earnings-related pension contribution is affected by the work ability of your employees, your company’s size i.e. payroll, and the discounts you receive.
Read more about a large employer’s TyEL contribution -
Employer’s social security contributions
As an employer, you are in charge of your employees’ pension cover and other social security. We have compiled on our website information on when you have the obligation to take out TyEL insurance for your employees and what the contribution percentages are.
Read more about an employer’s social security contributions -
Client bonuses
Ilmarinen’s client bonuses reduce your TyEL contribution. We pay client bonuses to our customers once a year.
Read more about client bonuses