Ilmarinen’s administrative cost will decrease in 2025
At the start of next year, Ilmarinen’s customers’ administrative cost will decrease by roughly 10 per cent. The administrative cost is part of the TyEL insurance contribution, and in that respect, your TyEL contribution as our customer will decrease.
Administrative cost for 2025 will be reduced on average by approximately 10 % compared to 2024.
The price of earnings-related pension insurance is influenced by the sector’s common TyEL contribution as well as, among other things, company-specific contribution. The cost effectiveness of Ilmarinen's operations continued to improve, and operating expenses financed using loading income have lowered. This means directly lower contributions for our customers.
Read about how the TyEL contribution is determined
Ilmarinen has reduced the annual costs of managing pension insurance by a third, or almost EUR 50 million, since 2018.
What is the administrative cost?
The administrative cost is the part of the pension contribution that is used to cover a pension company’s operating costs. It has a rather modest impact on the earnings-related pension contribution. For Ilmarinen’s customers in 2025, it will be no more than 0.18 per cent of the payroll. As of the start of 2023, the administrative cost has been determined on a company-specific basis.
Calculate an estimate of your contribution online
We will provide news and information about next year’s contributions during the autumn. The total contribution level for 2025 is not yet known. The Ministry of Social Affairs and Health will confirm the basic TyEL contribution by mid-November.
You can see an estimate of your insurance contribution rate in our online service.
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Ilmarinen's return on investment 4.9 per cent
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Earnings-related pension contributions and discounts
Large employer’s TyEL contribution
Current topics
Earnings-related pension insurance contributions for 2025 confirmed
The Ministry for Social Affairs and Health has confirmed the earnings-related pension insurance contributions for 2025. The average contribution for employer’s pension insurance (TyEL) is 24.85 per cent of the payroll in 2025.
Employer, self-employed person, pensioner – 2025 earnings-related pension index and wage coefficient confirmed
The Ministry for Social Affairs and Health has confirmed the indices for earnings-related pension insurance for 2025. Next year, the earnings-related pension index is 3077, which means an approximately 1.3 per cent increase on pensions at the start of the year. The confirmed wage coefficient is 1.673. Compared to 2024, the wage coefficient will rise some 2.2 per cent.
Ilmarinen's return on investment rose to 7.4 per cent, solvency strengthened and cost efficiency improved
Ilmarinen's return on investment in the period January–September was 7.4 per cent, or EUR 4.4 billion. Investment assets rose to EUR 62.9 billion and solvency capital to EUR 14 billion. Cost effectiveness continued to improve and is reflected in lower premiums for customers.