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 best discounts and client bonuses in 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.
The TyEL contribution is based on the wages and salaries you pay
Your TyEL contribution is based on the wages and salaries you pay. As an employer, it is your responsibility to report your employees’ earnings payment data to the Incomes Register once a month. We can view the information in the Incomes Register and will calculate your TyEL contribution based on the TyEL earnings data reported to the Incomes Register every month.
The following affects your 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 the sector’s best client bonuses once again this year.
As a large employer, your employees’ work ability has a major impact on the size of your TyEL contribution. As a large employer, you are also entitled to a contribution loss discount and the largest employers are additionally entitled to a discount for large payrolls.
-
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