Employer’s pension insurance i.e. TyEL
As an employer, you need to take out earnings-related pension insurance if you employ at least one person on a permanent basis and pay at least EUR 8,790 in wages or salaries during a period of six months (EUR 8,676 in 2020). If you are a temporary employer, you only have to pay the earnings-related pension contribution.
TyEL insurance provides pension security for your employees
When you hire an employee, take out TyEL insurance and report the earnings data to the Incomes Register regardless of whether you are a long-term or temporary employer. Household employers also need to provide pension insurance for their employees. With TyEL insurance you take care of your employees’ pension cover. That is why TyEL insurance is statutory, i.e. mandatory.
Contract employer or temporary employer?
In pension matters, employers are always either contract employers or temporary employers. You can also be a household employer if you hire, for example, a cleaner, an au pair or another employee to work at your home.Find out whether you are a contract employer or a temporary employer
Being Ilmarinen’s customer pays off
When taking out earnings-related pension insurance, choose a partner who is a pleasure to deal with and who provides you what you need. We pay the largest client bonuses, which means lower insurance contributions for our customers. That is why choosing Ilmarinen as an insurance partner pays off.Employer, become Ilmarinen’s customer