lopputiliä

Lopputili is a Finnish term referring to the final settlement of accounts in an employment relationship. It encompasses all outstanding payments due to an employee upon termination of their contract, regardless of the reason for termination. This typically includes any remaining salary owed for work performed, unused vacation days that are entitled to be paid out, and potentially other compensation such as bonuses or reimbursements that have not yet been settled.

The concept of lopputili is legally mandated in Finland, ensuring that employees receive all their earned remuneration. Employers are required to provide a detailed breakdown of the lopputili, clearly itemizing each component of the payment. The timing of the lopputili payment is also regulated; it is generally expected to be paid out promptly after the termination of employment, often on the employee's last working day or within a short, specified period thereafter. Failure to provide the lopputili in a timely manner can result in interest charges or other penalties for the employer. It is a crucial part of labor law in Finland, aimed at protecting employee rights.