Up to 90% reduction in TyEL insurance's admistrative cost for micro-employers
The admistrative cost part of TyEL insurance is moderate, i.e. about 0.02% - 0.18% of the TyEL payment.
Insure your employee, when
- they are in an employment relationship,
- they are at least 17 years old and
- you pay them at least EUR 70.08 per month in 2025
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Why does the price go down?
The price of the TyEL fee is decreasing because we have improved our operations year by year. Making operations more efficient means that we have reduced costs to cover Ilmarinen's day-to-day operations.
Ilmarinen has reduced the costs of managing pension insurance by a third, or nearly EUR 50 million, since 2018. This makes our customers' TyEL fee even more affordable in terms of admistrative costs.
What is the administrative cost?
The admistrative cost is the part of the earnings-related pension payment that covers the costs of the pension company. This means that the more cost-effectively we operate, the lower our admistrative costs and, consequently, our customers' insurance premiums. It is good to note that the admistrative cost is a small proportion, i.e. about 0.02-0.18% of the TyEL fee. For example, if the salary and wages are €30,000 a year, the administrative cost will be €22 in 2026 (€54 in 2025).
The new admistrative cost will come into effect in January 2026. From the table next to you can already estimate how much the discount will be.
The decreasing admistrative cost affects a large proportion of Ilmarinen's customers. For our smallest employer customers, the cost of care decreases the most.
| Salaries paid annually | Administrative cost in 2025 | Administrative cost in 2026 |
| 6 000 € | 10,8 € | 1,2 € |
| 12 000 € | 21,6 € | 2,4 € |
| 18 000 € | 32,4 € | 3,6 € |
| 24 000 € | 43,2 € | 4,8 € |
| 30 000 € | 54 € | 6 € |
| 36 000 € | 64,8 € | 7,2 € |
| 42 000 € | 75,6 € | 8,4 € |
| 48 000 € | 86,4 € | 9,6 € |
It is assumed that salaries are paid evenly on a monthly basis.
You get more from us than just insurance
1. Excellent work ability services for companies of all sizes
We provide you with excellent tools and courses for developing pre-service work and managing work ability. Our customers find our services very impressive - in 2024 the estimate of benefits was 4.5 (on a scale of 1 to 5).
2. Warm and knowledgeable customer service
Whether it is insurance, retirement or work ability, our knowledgeable experts will help you with your questions.
3. Competitive price and excellent client bonuses
We are a cost-effective pension company, which leads to lower treatment costs and therefore lower TyEL fees. In 2024, we paid EUR 140 million (0.50% of the payroll) in client bonuses.
4. Personal counseling
You can make an appointment with our expert for personal advice at any time, for example on themes related to early support or vocational rehabilitation.
Did you know that there are differences in the prices of TyEL insurance?
Yes, the sector’s best solvency and good cost-effectiveness bring cheaper TyEL contributions for our customers. We refund one per cent of the solvency capital to our customers as client bonuses. This means lower pension contributions for employers.
Take a look at our client bonuses
How much does TyEL insurance cost?
Use our calculator to see how much TyEL insurance costs you. You can also find out how much deferring a due date will impact the contribution.
Try the calculator
Responsible for your employees’ pensions
Everything we do is aimed at providing our customers with the pension they earned from employment. For us, responsibility means that we do our part in maintaining and developing a sustainable pension system. This also means having to earn our customers’ trust every day by acting responsibly.
Read more about what responsibility means to us