Työttömyysvakuutusmaksua

Työttömyysvakuutusmaksua is the Finnish term for unemployment insurance contribution. It is a mandatory payment made by both employers and employees to fund the unemployment benefit system in Finland. This system provides financial security to individuals who lose their employment.

The contributions are typically divided between the employer and the employee, although the exact proportions can vary slightly based on the employee's earnings and employment status. For example, self-employed individuals also contribute to the unemployment insurance system. These payments are collected by the Finnish Social Insurance Institution (Kela) and the unemployment funds.

The purpose of työttömyysvakuutusmaksua is to ensure that there are sufficient funds to pay out unemployment benefits to eligible individuals. When a person becomes unemployed and meets the criteria, they can receive financial assistance from the unemployment fund they are a member of, or from Kela if they are not a member of an unemployment fund. The amount of the contribution is usually a percentage of the employee's gross salary and is subject to annual adjustments based on economic conditions and the financial needs of the unemployment insurance system. This system aims to mitigate the economic impact of unemployment on individuals and society.