Turn of the year 2018-2019 – TyEL pension insurance in a nutshell

Reporting payroll information

Report the payroll information of your employees in accordance with the actual payment date:
  • Any earnings paid in 2018 or earlier and any corrections thereto shall be reported to Elo. Read more >
  • Any earnings paid in 2019 or after and any corrections thereto shall be reported to the Incomes Register. Read more >
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The final TyEL insurance contribution for 2018

Once you have reported all of the payroll information for 2018 to Elo, we use that information to calculate your final TyEL contribution for the year. You will receive information about the final contribution in the form of an annual calculation.

The Palkka.fi service will remain in use

If you use the Palkka.fi service for your payroll calculations, you can continue using this service in 2019 as well. Read more (in Finnish) >

TyEL insurance contributions and invoices as of 1 January 2019

From the start of 2019, Elo will calculate the TyEL insurance contributions on the basis of your payroll reports and related corrections as submitted to the Incomes Register.

Elo will send invoices for TyEL insurance contributions once a month. If you have, for example, two salary payment days each month, the relevant TyEL contributions will be compiled into a single invoice.

For TyEL contributions invoiced by Elo, the due date is the last day of the month following the salary payment month.

You will continue to receive Elo’s client bonuses once per year and they will be taken into account in your future contribution payments.

Read more >

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Changes in the terms and conditions for TyEL insurance

The introduction of the Incomes Register will affect changes in the terms and conditions for TyEL insurance policies. Once the new insurance terms and conditions have entered into force, they will be available at www.elo.fi.

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Elo’s Online Service will continue to enable you to

•    Review the information in the reports submitted to the Incomes Register as well as information concerning the payments and invoices related to your TyEL insurance policy.
•    Update your customer information, take online invoicing into use and provide an account number for any possible payment refunds.
•    Print out certificates.
•    Take advantage of the tools intended to support your company’s level of well-being at work and review the latest information about the disability pensions and benefits of your company’s employees.

Read more about Elo’s Online Service >

Are you an occasional employer?

After the turn of the year, you can report any earnings from 2018 to Elo using the notification form for occasional employers. You will receive an invoice for the TyEL contribution on the basis of your reported information.

As of 1 January 2019, you shall report all paid earnings to the Incomes Register. You will receive an invoice for the TyEL contribution on the basis of your reported information. Read more >

If you use the Palkka.fi service for your payroll calculations, you can continue using this service in 2019 as well. Read more >

Elo is here to help and support you

Elo's Online Service is always available for you to use whenever it's most convenient for you. For TyEL and YEL insurance matters, please call us at +358 (0)20 694 730 (weekdays 8 a.m.-4:30 p.m)