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Stock Exchange Release
Employment Fund
December 16, 2020 at 9.30
The Employment Fund and the Ministry of Social Affairs and Health have made decisions on the financing of unemployment funds for 2021.
On 27 August 2020, the Employment Fund published its budget for 2021, which included a total of EUR 2,438 million in funding for unemployment funds. According to the decisions taken by the Employment Fund and the Ministry of Social Affairs and Health in November and December 2020, the total amount of this financing is EUR 2,431 million.
The amount of the decided contributions differs from the initial budget allocation by about EUR 7 million, which equals to 0.3% of the total funding.
The total contributions for the unemployment funds correspond to about 65 per cent of the Employment Fund's expenditure.
Helsinki, 16 December 2020
Employment Fund
Tapio Oksanen
Chief Financial Officer
Further information:
Janne Metsämäki, Managing Director, +358 40 522 3614
Tapio Oksanen, Chief Financial Officer, +358 40 539 4651
Distribution:
NASDAQ OMX Helsinki
Media
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.
