Finnish occupational pension companies and central labour market organisations have submitted their calculations and proposals for contribution levels in 2025 to the Ministry of Social Affairs and Health.

The organisations suggested that the occupational pension insurance contribution under the Employee Pension Act (TyEL) should remain at 24.4 per cent of salary next year.

Employers in the private sector would also be required to pay the last repayment item of the temporary reduction in the employer contribution that was in effect in 2020.

The size of the repayment installment in 2025 is 0.45 per cent, meaning that the TyEL occupational pension payment collected in the private sector in 2025 is on average 24.85 per cent of the salary on which the payment is based.

Under the proposals, the employer's contribution is an average of 17.38 percent of the wages on which the payment is based.

However, the employee's contribution in 2025 would remain the same at 7.15 per cent for those under 53 and over 62 and 8.65 per cent for those between 53 and 62.

The pension contribution for self-employed workers will also remain at the same level as in 2024, standing at 24.1 per cent for those under 53 and over 62, and 25.6 per cent of the confirmed work income for those between 53 and 62.

The 2020 temporary discount did not apply to the YEL payment

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