TyEL key figures 2019–2023
The TyEL contribution percentage is confirmed by the Ministry of Social Affairs and Health. The TyEL earnings limit is adjusted annually with the wage coefficient.
Key figures for contract employers and temporary employers
The employee’s share depends on the employee’s age. For persons aged 53–62, the contribution is increased until 2025. The employees’ contribution share is included in the table in the basic contribution percentages and the temporary employer’s contribution percentages. In 2020, due to the Covid-19 epidemic, employers’ TyEL contribution was lowered by 2.6 percentage points for the period 1 May–31 December 2020.
The TyEL contribution for contract employers varies depending on the employer’s size and the disability pensions granted to the employer’s own employees. Read more about determining the TyEL contribution.
* For small contract employers, the earnings-related pension insurance contribution will be a maximum of about 25.55 per cent of the payroll at Ilmarinen, when the expense loading is taken into account. Pricing of the expense loading in earnings-related pension contributions will change.
|Employee's contribution, %||Average employer’s contribution, %||Average employee’s contribution, %||Average
TyEL contribution, %
limit for obligation
to insure €/month
|Large employer’s limit payroll €/year|
|2023||25.55*||7.15 / 8.65||17.39||7.45||24.84||65.26||2,197,500 / 2021|
|2022||25.85||7.15 / 8.65||17.40||7.45||24.85||62.88||2,169,000 / 2020|
|2021||24.8||7.15 / 8.65||16.95||7.45||24.4||61.7||2,125,500 / 2019|
|2020||25.3 / 22.7||7.5 / 8.65||16.95 / 14.35||7.45||24.4 / 21.8||60.57||2,086,500 / 2018|
|2019||25.2||6.75 / 8.25||17.35||7.05||24.4||59.36||2,083,500 / 2017|
Employers who do not continually employ employees and who pay their temporary employees wages that fall below the earnings limit over a period of six months can arrange their employees’ pension cover without an insurance contract (temporary employer). The reaching of the limit is monitored on a rolling basis, six months backwards from the current date. Find out whether you are a contract employer or a temporary employer.
payroll limit EUR/6 moths
|2020||25.3 / 22.7||8,676|
The employee’s pension contribution in different years
Both the employer and employee bear part of the pension contribution costs. The employer collects the employee’s share from their wages and pays the whole contribution to Ilmarinen.
The size of the employee’s share depends on the employee’s age.
|Year||17-52 years old||53-62 years old||63-68 years old|
Components of the average TyEL contribution 2019–2023
In 2022, the expense loading paid by contract employers has been a maximum of around 0.5 per cent of the payroll. The expense loading at Ilmarinen in 2023 will be a maximum of around 0.25 per cent of the payroll.
|Year||Old-age pension||Disability pension||Pooled component||administrative expenses||Other||Estimate of