työttömyyskassalaissa

The työttömyyskassalaki, or the Unemployment Funds Act, is Finnish legislation governing the establishment, operation, and supervision of unemployment funds (työttömyyskassat). These funds are private, non-profit organizations that administer earnings-related unemployment benefits to their members. Membership in an unemployment fund is voluntary, but it is a prerequisite for receiving these benefits, which are typically higher than the basic unemployment allowance provided by Kela, the Social Insurance Institution of Finland.

The law outlines the requirements for forming an unemployment fund, including the need for at least 1,000 members and a sound financial basis. It also details the responsibilities of the funds, such as collecting membership fees, assessing eligibility for benefits, and paying out benefits in accordance with the Unemployment Security Act (työttömyysturvalaki).

Supervision of the unemployment funds is primarily the responsibility of the Financial Supervisory Authority (Finanssivalvonta). This oversight ensures that the funds operate in compliance with the law, maintain their solvency, and treat their members fairly. The law also specifies the types of investments funds are permitted to make to safeguard their assets. Changes to the työttömyyskassalaki are periodically made to adapt the system to economic conditions and policy objectives concerning unemployment insurance in Finland.