Employers
Along with TyEL insurance, we also provide you with a dedicated contact person who knows everything about pension insurance on your behalf.
Work ability management services are available to all our customers. And best of all, these services are included in the price of the TyEL insurance.
You are our priority, so we welcome you to always be first in line at Veritas!
Give us a call! We will answer your call in less than 20 seconds.
Tel. 010 195 600
Email: tyel@veritas.fi
Who needs TyEL insurance?
You need to take statutory pension insurance (TyEL) for your employees in an employment relationship if you are an employer in the private sector and
- your employee is 17 years or older and
- your employee’s monthly earnings are at least €71.72 in 2026.
TyEL contributions
The TyEL insurance contribution is calculated based on the payroll sum paid by the employer to employees between the ages of 17 and 67.
In 2026, the TyEL basic contribution rate is 24.85 per cent of the employee’s salary or wages without the company-specific expense loading.
What's new
What needs to be reported to the Incomes Register?
The following need to be reported the Incomes Register:
- Wages
- Fringe benefits
- Fees
- Other earned incomes
- Tax-exempt and taxable reimbursements of expenses.
The general rule is that wages and salaries must be reported within five days of the payment date
Frequently asked questions
What are client bonuses comprised of?
The size of a client bonus is affected by the return on the employment pension company’s investments and the effectiveness of their operations, the size of the TyEL contribution as well as the fund accrued to the insurance on the basis of earlier contributions.
The larger the fund and contribution, the larger the client bonus for that TyEL insurance policy.
Read more about client bonuses.
TyEL contribution and expense loading component for 2026
Did you know that you can calculate an estimate of your TyEL contribution percentage and TyEL contributions for 2026 using our online service?
The basis for generating the TyEL contribution of TyEL contract employers changed as of 2023 due to a change in the law. The expense loading component of the TyEL contribution is pension provider-specific and is added to the TyEL basic contribution percentage.
The expense loading component is determined on the basis of the company’s payroll for the previous year.
What pension benefits does TyEL insurance cover?
Statutory TyEL insurance provides security in old age or in the case of disability and the death of a family provider.
The employment pension system also supports the vocational rehabilitation of employees. In case of no or minimal earnings, the national pension provides a basic level of security for the duration of retirement.
Would you like to receive TyEL invoices electronically?
- Inform us your company’s online invoicing address. Complete the form here.
- Or make an online payment agreement through your online bank service and choose Veritas as your invoicer.
You find more information regarding online invoicing on your operator’s or bank’s online service.
Work ability services
We will help you with work ability management! We advice individuals and groups. We help conduct disability risk assessments. We provide key figures, guides and tools to support you and your employees work ability and health.
Financing from Veritas
Veritas offers its customers financing options for different needs. Financing can be granted in the form of a premium loan or investment loan. Investment loans are a flexible option for corporate financing needs. Premium loans are available, upon approved application, to all Veritas’ employer customers.
Is your employee retiring soon on old-age pension?
- Even though it’s your employees’ responsibility to apply for their pension themselves, discussions and agreements concerning retirement are necessary within the workplace. You can find more information about vocational rehabilitation and the different types of pension and application process under our Pension section. Our pension advisers are also happy to provide you with any support or information you might need concerning pensions.
- Did you know that your report to the Incomes Register has a significant impact on our processing of your employee’s pension application? We need, for example, information concerning the termination of the employment relationship before we can grant old-age pension to your employee. Carefully read the instructions on reporting the information on the termination of an employment relationship from the website of the Incomes Register.