Työttömyysrahasto

Työttömyysrahasto, often translated as the Unemployment Fund, is a crucial component of Finland's social security system. It is an organization that manages earnings-related unemployment benefits for its members. Membership in a Työttömyysrahasto is typically voluntary and linked to an employment fund or union. These funds are financed through contributions from both employers and employees, as well as government subsidies.

The primary function of the Työttömyysrahasto is to pay daily allowances to individuals who have become unemployed and meet certain eligibility criteria. These criteria usually involve having been employed for a specified period and having paid unemployment insurance contributions. The amount of the daily allowance is generally based on the individual's previous earnings, hence the term "earnings-related."

In addition to paying benefits, Työttömyysrahasto also plays a role in promoting employment and providing guidance to unemployed individuals. They may offer career counseling, training opportunities, and information on job searching. The funds are supervised by the Ministry of Social Affairs and Health. The system aims to provide a safety net for workers during periods of unemployment, helping to mitigate the financial impact and support their return to the workforce.