Turn of the year 2018-2019 – TyEL pension insurance in a nutshell
Reporting payroll information
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.