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TyEL contribution 2016

You may pay the TyEL contributions in accordance with the estimated provisional payroll or monthly earnings notifications.

The basic TyEL contribution is 25.10% of the employees’ wages and salary.

Employee’s contribution:

  • under 53 years of age: 5.70% of wages and salary
  • 53 years of age or over: 7.20% of wages and salary 

You withhold the employee's pension contribution from the employee's salary and pay the entire earnings-related pension contribution to the pension insurance company.