News and articles
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News and articles
Finnish pension system in a nutshell
Finland has one of the best pension systems in the world - and that’s a fact. But if you’re starting a business in Finland, you might be wondering why it’s mandatory for entrepreneurs to take out pension insurance. Or for employers to get pension insurance for their employees? We are here to help you!
Finnish pension system in a nutshellMore news and press releases
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News
22.11.2023
YEL in 2024 – what will change?YEL insurance is the most important insurance for you as an entrepreneur, as it is the basis for your pension and social security. Keep reading to see what you should know about your YEL insurance as the year changes.YEL in 2024 – what will change?
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News
9.11.2023
Earnings-related pension insurance contributions for 2024 confirmedThe Ministry for Social Affairs and Health has confirmed the earnings-related pension insurance contributions for 2024. The average contribution for employer’s pension insurance (TyEL) is 24.81 per cent of the payroll in 2024.Earnings-related pension insurance contributions for 2024 confirmed
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News
9.11.2023
Let’s prepare by saving electricityA year ago, saving energy, the ‘Down a degree’ campaign and power system support procedure were acute themes as Europe began preparing for a serious electricity shortage. Saving energy still matters.Let’s prepare by saving electricity
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News
27.10.2023
Employer, self-employed person, pensioner – 2024 earnings-related pension index and wage coefficient confirmedThe Ministry for Social Affairs and Health has confirmed the indices for earnings-related pension insurance for 2024. Next year, the earnings-related pension index is 3037, which means an approximately 5.7 per cent increase on pensions at the start of the year. The confirmed wage coefficient is 1.637. Compared to 2023, the wage coefficient will rise some 5.1 per cent.Employer, self-employed person, pensioner – 2024 earnings-related pension index and wage coefficient confirmed
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Press release
27.10.2023
Ilmarinen’s return on investments 3.3 per cent – employment weakeningThe return on Ilmarinen’s investments in January–September was 3.3 per cent. Measures to improve cost-effectiveness continued. “Last year, we became the most cost-effective company in the industry, measured by the ratio of operating expenses to expense loading components. This year our operating expenses, which are necessary for providing pension security, have decreased further, and we are lowering the price of administrative costs for our customers by 20 per cent,” states President and CEO Jouko Pölönen.Ilmarinen’s return on investments 3.3 per cent – employment weakening
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News
27.9.2023
Ilmarinen’s administrative cost will decrease 20% in 2024 – As our customer, you benefit right away!At the start of next year, Ilmarinen’s administrative cost will decrease by roughly 20 per cent. The administrative cost is part of the TyEL insurance contribution, and in that respect, your TyEL contribution will decrease.Ilmarinen’s administrative cost will decrease 20% in 2024 – As our customer, you benefit right away!
More to read
- Ilmarinen's Financial Statements 2024: The return on investments was 8.6 per cent, or EUR 5 billion – solvency strengthened and efficiency improved
- Pensioner living abroad, answer the country of residence enquiry
- The first quarter in Ilmarinen: Return on investments was 0.2 per cent, solvency was strong, and cost-effectiveness improved
- Greenhouse gas emissions of Ilmarinen’s pension investments decreased significantly