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Stock Exchange Release
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
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.