We have consistently improved our efficiency, and in 2026 our average expense loading fee is the lowest in the entire pension insurance sector – read more
You will receive service wherever you are in Finland. We make handling your insurance and pension matters clear and effortless, so you can focus on your core business.
With us, you will get all the services you need to keep your employees and your business ready for the future:
The TyEL contribution consists of the basic contribution and company-specific components. The basic contribution confirmed by the Ministry of Social Affairs and Health is the same in all earnings-related pension companies, and it makes up the majority of the TyEL contribution. The company-specific components are the expense loading fee and the client bonus. Elo’s expense loading fee consists of the basic expense loading fee and possible large-scale company and constancy discounts.
The expense loading fee is the component added to the basic contribution, which each employment pension insurer uses to cover operating costs that come from managing the insurance. We will continue to improve our efficiency, and our customers will benefit from it also in the years to come.
The calculation showing that our expense loading fee is the lowest in the pension insurance sector as of 1 January 2026 is our own estimate of the average TyEL contribution. Our estimate is based on the TyEL contribution principles of pension insurance companies and data from the Finnish Patent and Registration Office on the structure of Finnish companies.
The 2026 examples are calculated without customer-specific constancy or large-scale company discounts.
| Company payroll | Basic expence loading fee |
| 10 000 euros | 2,50 euros |
| 25 000 euros | 6,25 euros |
| 50 000 euros | 12,49 euros |
| 75 000 euros | 57,92 euros |
| 100 000 euros | 129,46 euros |
The constancy discount is Elo’s own way to reward long-term customers every year after the third customer year. The constancy discount reduces Elo’s basic expense loading fee for customers
The constancy discount is calculated based on the annual payroll of the employer or group from the previous year. It is a factor that reduces the basic expense loading fee after a possible customer-specific large-scale company discount. The amount of the constancy discount is 10–29%.
Examples of Elo's constancy discount in 2026 without customer-specific large-scale company discount
| Company payroll | Basic expence loading fee | Constancy discount |
| 10 000 euros | 2,50 euros | 0,72 euros |
| 25 000 euros | 6,25 euros | 1,81 euros |
| 50 000 euros | 12,49 euros | 3,62 euros |
| 75 000 euros | 57,92 euros | 16,80 euros |
| 100 000 euros | 129,46 euros | 37,54 euros |
Just fill out the transfer application, and we'll take care of the rest!
You can transfer your TyEL insurance to us once it has been in force for at least one year with your previous provider. You can also submit the transfer application in advance, even before the year has passed.
Your insurance can begin on 1 January, 1 April, 1 July or 1 October. In your transfer application, you can specify the date from which you would like your insurance to be managed by Elo. We will always suggest the earliest possible start date.
All pension insurance companies follow a common transfer schedule. The insurance must be terminated with the previous provider three months before the desired start date. Once terminated, the insurance will start at Elo after three months.
You can transfer your YEL insurance to us at the same time.
| Submit the transfer application at the latest | Your insurance will transfer at the earliest |
| 31 March | 1 July |
| 30 June | 1 October |
| 30 September | 1 January |
| 31 December | 1 April |
