You can get all the services you need to keep your employees and your company ready for the future:
Your TyEL insurance can start on the first day of January, April, July, or October. In the transfer application, you can tell the date from which your insurance will move to Elo. We always suggest the first possible date.
All pension companies follow a shared transfer schedule. In it, the insurance is ended with the previous company 3 months before the wanted start date. When the insurance has been ended with the previous pension company, the insurance starts at Elo after 3 months. You can also transfer your YEL insurance to us easily at the same time.
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Submit the transfer application at the latest
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Your insurance will transfer at the earliest
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| 31 March | 1 July |
| 30 June | 1 October |
| 30 September | 1 January |
| 31 December | 1 April |
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 |
We provide expertise, tools, and solutions that enable us to build a sustainable working life together.
A range of work ability management service packages help you develop work ability management based on your specific needs − whether you’re just starting out, already on a solid development path, or aiming to make work ability a strategic competitive advantage.
We will help you to implement work ability management basics and processes to ensure the well-being of personnel and identify the key risks that threaten well-being.
We will build the relevant metrics together that make work ability management and the application of measures easier. Together, we will bring out the best in your employees.
We will help you to incorporate work ability management into your strategy and to define the operational models that turn a healthy and satisfied personnel into a competitive advantage.
The content of TyEL insurance and the basic percentage of the TyEL contribution are the same in all pension insurance companies, but transfer may become relevant if your company benefits more than now from, for example, the value-added services, digital tools or customer-specific discounts and client bonuses offered by another company.
When planning the transfer of TyEL insurance, note that you can change the pension company only once a year. Your insurance is transferred according to the joint transfer timetable of the pension insurance companies. For example, if you want to transfer the TyEL insurance to another company from 1 January, fill in the transfer application no later than 30 September.
When you send the transfer application, the new pension insurance company will take care of the termination for you.
TyEL insurance can be transferred to another pension insurance company when it has been valid in the current company for at least 12 months.
Insurance policies are transferred four times a year:
The current TyEL insurance must be terminated at least 3 months before the transfer date by making a TyEL application to the new pension insurance company. The application can be filled in at any time.
For example, if you have taken your current insurance from 1 January 2026, you can move to be a customer of another company from 1 January 2027. Make the TyEL transfer application no later than 30 September 2026.
Typical reasons for changing the pension company are:
Companies that transfer TyEL insurance often look for faster and smoother service and more personal service.
Although the basic percentage of the TyEL contribution is the same in all pension insurance companies, the expense loading fee and possible client bonuses and discounts vary by company and by customer, which affects especially the total costs of a large company.
For example, support for work ability management, training, reporting and forecasting services can bring big savings in the long term. A growing company needs different support than a large company.
Companies change the company if the cooperation does not work in the expected way.
Some employers centralise, for example, insurance and pension matters with the same partner to make administration easier.
Because the TyEL basic contribution, which covers the biggest share of the price of TyEL insurance, is the same in all pension insurance companies, it is worth focusing on the total benefit when comparing insurance:
Comparing TyEL insurance policies is more challenging than, for example, competing a company’s non-life insurance policies, because each company’s situation and therefore the amount of the TyEL contribution is individual.
The customer-specific part of the TyEL contribution is affected by, among other things, the length of the customer relationship in the current company, the amount of wages paid, and the discounts and client bonuses offered by the pension insurance company. For small and medium sized enterprises, the effect of the company-specific part on the price of TyEL insurance is usually small.
When comparing pension insurance companies, keep in mind at least the following points:
Read more about how the price of TyEL insurance is formed
No, the transfer of TyEL insurance is not tied to changing the non-life insurance company. You can keep TyEL insurance in your current pension insurance company or transfer it to any company regardless of which non-life insurance company you choose.
It is good to be careful with the competing of non-life insurance policies. Non-life insurance companies cooperate with pension insurance companies, but TyEL insurance still does not have to be taken from the partner of the non-life insurance company.
You can send the transfer application already in advance. Choose from the transfer dates the day when one year has been completed: 1 January, 1 April, 1 July or 1 October.
If you need help with taking the insurance, call the sales service. The new company will terminate the insurance for you and will also tell you the confirmed transfer date and your new TyEL insurance number.
Before the transfer happens, your new pension insurance company informs the new insurance number. You must update it to the incomes register.
When the TyEL insurance transfers to another company, the company that manages and bills the insurance changes. After the transfer day, you can use the services of the new pension insurance company. For example, as a customer of Elo, you get a clear online service, personal help in questions about TyEL insurance and support to identify risks that weaken employee well-being to develop work ability management.
Your employees' pension accrues normally during the transfer and after it.
You only need 2 minutes to fill in the transfer application. We continue from there and make sure that the transfer of your insurance moves forward smoothly on the right schedule.
