The Finnish Ministry of Social Affairs and Health has confirmed the occupational pension insurance contribution according to the Employee Pension Act (TyEL) will be 24.84 per cent of salary next year.

This represents a 0.01 percentage point fall from 2022, when the average TyEL fee collected was 24.85 per cent.

The fee for 2023 includes 0.44 percentage points of the second refund item of the temporary reduction in the employer contribution that was in effect in 2020.

Repayment of the temporary discount is spread over the years 2022-2025.

The employee’s pension contribution will remain the same in 2023, at 7.15 per cent of salary for those aged under 53 and over 62, and at 8.65 per cent for those aged between 53 and 62.

From the beginning of 2023 there will be a change in the law whereby the ‘treatment cost’ payment will be separated into its own part of the TyEL payment.

The treatment cost is where the occupational pension companies will each determine the part of the TyEL payment needed for the implementation of occupations pensions and insurance management, which is taken into account directly in the customer’s TyEL payment.

The basic TyEL payment for contractual employers without the care cost component will be 25.30 per cent of the salary next year.

The amount of customer credit depending on the occupational pension company is estimated to be an average of 0.6 per cent of the salary in 2023, while the disability pension part included in the payment will fall from 1.1 per cent to 0.9 per cent.

If the company's payroll was more than €2,197,500 in 2021, the payment also considers the effect of the payment category and the payment loss discount.

Next year, the payment for temporary employers will be 26.20 per cent of salary, up from 25.85 per cent in 2022.

Meanwhile, the insurance premium rate will be 2.45 per cent from 1 January 2023.

In 2023, the YEL payment for the self-employed will remain at the same level as this year, 24.1 per cent for those aged under 53 and over 62, and 25.6 per cent for those aged 53–62.

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