Earnings-related pension contributions and discounts
The pension cover of your employees is your responsibility. You can take care of it by paying the TyEL pension contribution. As llmarinen’s customer you get the excellent client bonuses and discounts the sector.
How much is the TyEL contibution in 2024?
The basic TyEL contribution is a percentage of the wages and salaries you pay to your employees, i.e. the actual payroll.
In 2024, for small contract employers, the earnings-related pension insurance contribution is 25.32 % of the payroll at Ilmarinen, when the expense loading is taken into account. An employer that paid less than EUR 2,251,500 in wages in 2022 is considered a small employer.
The TyEL contribution percentage applied to a temporary employer is 26.12 % of the payroll in 2024.
By logging in to the online service, you can see your TyEL contribution percentage and an estimate of your full TyEL contribution.
The employee pays part of the TyEL contibution
As an employer, you do not pay the entire TyEL contribution yourself; your employees pay a part of it. As an employer, you collect your employee’s share of the contribution from their pay and pay us the entire TyEL contribution. The employee contribution is:
- 7.15 % for those between 17 and 52
- 8.65 % for those between 53 and 62
- 7.15 % for those between 63 and 68.
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Ilmarinen’s administrative cost decreased 20% this year
The administrative cost is part of the TyEL insurance contribution, and in that respect, your TyEL contribution is decreased.
Read more
The following affects your TyEL contribution
Your TyEL contribution is reduced by the client bonus that we pay our customers once a year. Ilmarinen’s good solvency and cost-effectiveness will guarantee our customers excellent client bonuses.
The contribution includes Ilmarinen's administrative cost, which is determined by the effectiveness of our operations. The administrative cost is calculated monthly. In 2024, you are a large employer if your company payroll exceeded EUR 2,251,500 in 2022. In 2023 EUR 2,197,500 in 2021.
Read more about topics related to TyEL contribution
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Determining the TyEL contribution
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Paying and invoicing TyEL contributions
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Large employer’s TyEL contribution
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Employer’s social security contributions
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Report earnings data