Tekijäkorvaushoito

Tekijäkorvaushoito, also known as parental compensation or parental allowance, is a social security benefit in Finland that compensates for the loss of income incurred by a parent who stays home to care for a young child. The primary purpose of tekijäkorvaushoito is to enable parents to spend more time with their children during their early years, promoting child development and family well-being.

This benefit is typically provided to a parent who is not employed or is on an unpaid leave of absence from their employment to care for a child under a certain age, usually three years old. The specific conditions for eligibility, including the duration of the benefit and the amount of compensation, are defined by Finnish law. It is administered by Kela, the Social Insurance Institution of Finland.

Tekijäkorvaushoito is funded through social security contributions. It aims to provide a financial safety net for parents who choose to focus on childcare rather than immediate return to the workforce. The system recognizes the societal value of early childhood care and seeks to support families in making choices that prioritize their children's needs. While often referred to as parental allowance, the term tekijäkorvaushoito specifically highlights the compensation aspect for the parent's role as a caregiver.