TyEL insurance provides cover for your employees
With statutory TyEL insurance you ensure pension cover for your employees. As an employer, it is your responsibility to take out the insurance and to report your employees' earnings.
Your employee is insured under TyEL if
- the work is performed under an employment contract,
- the employee is between 17 and 67 years old and
- the monthly salary paid for the work is at least EUR 60,57.
If you don't employ regular staff and salaries are less than 8 676 euros within 6 months, you can act as a temporary employer.