TyEL key figures 2016–2021

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.

Contract employer

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.

Year Basic
TyEL contribtution
Employee's contribution, % Average employer’s contribution, % Average employee’s contribution, % Average
TyEL contribution, %
Lower
limit for obligation
to insure €/month
Large employer’s limit payroll €/year
2022             2 169 000 / 2020
2021 24,8 7,15 / 8,65 16,95 7,45 24,4 61,37 2 125 500 / 2019
2020 25,3 / 22,7  7,15 / 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
2018 25,3 6,35 / 7,85 17,75 6,65 24,4 58,27 2 059 500 / 2016
2017 25,1 6,15 / 7,65 17,95 6,45 24,4 58,19 2 044 500 / 2015
2016 25,1 5,70 / 7,20 18,00 6,00 24,0 57,51 2 025 000 / 2014

 

 

Temporary employer

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.

Year Temporary employer's 
contribution, %
Temporary employer's
payroll limit EUR/6 moths
2021 24,8 8 790 
2020 25,3 / 22,7 8 676
2019 25,2 8 502
2018 25,3 8 346
2017 25,1 8 334
2016 25,1 8 238

 

 

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
2021 7,15 8,65 7,15
2020 7,15 8,65 7,15
2019 6,75 8,25 6,75
2018 6,35 7,85 6,35
2017 6,15 7,65 6,15
2016 5,70 7,20 5,70

 

 

Components of the average TyEL contribution 2017–2021

Year Old-age pension Disability pension Pooled component Other Estimate of
client bonuses
Total
2021 3,5 1,2 19,1 0,8 -0,2 24,4
2020 3,5 1,0 19,9/17,3 0,7 -0,7 24,4/21,8
2019 3,5 0,9 19,8 0,8 -0,6 24,4
2018 3,5 1,0 19,8 0,8 -0,7 24,4
2017 3,5 0,9 19,7 0,8 -0,5 24,4