Employees’ pension contributions
The employer withholds the employee's pension contribution from the employee's salary and pays the entire TyEL pension contribution to the pension insurance company.
In 2017 the employee’s contribution is as follows:
- 17-52 years and over 62 years of age: 6.15% of wages and salary
- 53-62 years of age: 7.65% of wages and salary
TyEL insurance is taken out at the beginning of the calendar month following the employee’s 17th birthday and continues until the end of the month in which the employee turns 68.