The central labour market organisations have agreed on a proposal concerning the private sector’s earnings-related pension insurance contribution for 2025. The Ministry of Social Affairs and Health will confirm the earnings-related pension insurance contribution criteria upon application by the earnings-related pension insurance companies.
In the private sectors, the average TyEL contribution to be collected in 2025 will be 24.85 per cent of the payroll on which the contribution is based. The contribution includes the final repayment of the temporary discount on employers’ contributions applied in 2020.
The employers’ contribution is an average of around 17.38 per cent of the payroll on which the contribution is based. The figure includes the repayment of the discount on the employers’ contribution (0.45%).
Read more in the Finnish Centre for Pensions’ news (in Finnish)