Työeläkevakuutusmaksuja

Työeläkevakuutusmaksuja refers to statutory pension insurance contributions in Finland. These contributions are mandatory for both employers and employees and are a key component of the Finnish earnings-related pension system. The purpose of these payments is to fund the pensions of individuals who are currently working.

The contribution rates are determined annually by the Finnish Ministry of Social Affairs and Health. They are based on the employee's gross salary. Employers pay a larger portion of the contribution, while employees pay a smaller, fixed percentage. These contributions are collected by pension insurance companies and are used to pay current pensions and to build up reserves for future pension liabilities.

The exact contribution rates can vary depending on the age of the employee and the sector of employment. For example, rates for younger workers might differ from those for older workers who are closer to retirement. Self-employed individuals also pay pension contributions, typically calculated based on their own income. The system is designed to ensure the financial sustainability of the pension scheme.