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Stock Exchange Release
November 27, 2020 at 13.00
The President of the Republic approved the bill on next year’s unemployment insurance contribution on 27 November 2020. According to the enacted law, the amount of unemployment insurance contributions will be raised by 0.32 percentage points in total. Employers’ average contribution will be increased by 0.17 percentage points and employees’ contribution by 0.15 percentage points.
The contribution rates for 2021 are as follows:
The confirmed unemployment insurance contributions are in line with the proposal made by the Employment Fund in August 2020. Contributions will be increased to finance increased unemployment allowance expenses.
Helsinki, 27 November 2020
Chief Financial Officer
Janne Metsämäki, Managing Director, +358 40 522 3614
Tapio Oksanen, Chief Financial Officer, +358 40 539 4651
NASDAQ OMX Helsinki
The Employment Fund brings comfort in the changes of the working life. We collect the unemployment insurance contributions that are among other things financing the earnings-related unemployment benefits and urging forward the innovation of learning with the adult education allowance.
The financial contributions for the unemployment funds for 2021 have been confirmed
The President of the Republic approved the bill on next year’s unemployment insurance contribution on 27 November 2020.