Työttömyysvakuutusmaksu

Työttömyysvakuutusmaksu is a term in Finnish social security law that refers to the contributions paid to fund unemployment benefits. These contributions are paid by both employers and employees, and in some cases, also by entrepreneurs and unemployed jobseekers. The purpose of these payments is to ensure that individuals who lose their jobs have a financial safety net during their period of unemployment, allowing them to cover basic living expenses while searching for new employment.

The rates of the työttömyysvakuutusmaksu are set annually by the Finnish Parliament. The employer's share is typically higher than the employee's share. For entrepreneurs, the contribution is usually based on their YEL (entrepreneur's statutory pension insurance) or MYEL (farmer's pension insurance) income. Unemployed jobseekers may also be required to pay a contribution if they are eligible for and receiving unemployment benefits.

The collected funds are managed by specific unemployment insurance funds, which then disburse the benefits to eligible individuals. The system aims to provide a balance between supporting the unemployed and ensuring the sustainability of the unemployment insurance scheme. The exact contribution rates and rules can vary depending on economic conditions and legislative changes.