TyEL contributions and certificates
As an employer, you take care of employees’ pension security by paying TyEL contributions to the employment pension company. The TyEL contribution is determined in the same way in all pension insurance companies according to the criteria ratified by the Ministry of Social Affairs and Health and is a specific percentage of the employee’s gross earnings.
TyEL contribution for 2022
The basic TyEL contribution for 2022 is 25.85% of the TyEL payroll. The TyEL contribution is calculated from the payroll data reported to the Incomes Register. The employment pension company invoices the whole contribution from the employer, who in turn will deduct the employee share of the contribution from each employee’s wages or salary.
In 2022, the employee’s share of the contribution is:
• 7.15% for those under 53 years of age,
• 8.65% for those aged 53–62 years and
• 7.15% for those who have turned 63.
As a contract employer, your TyEL contribution is reduced by Elo’s client bonus, which is calculated once a year. If your company’s payroll sum was over EUR 2,169,000 in 2020, you are considered a large-scale employer.
The premium of an occasional employer always equals the basic TyEL contribution, i.e. 25.85% in 2022.
Read more about occasional employers >
Read more about the social security contributions for 2022 >