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