The central labour market organisations have reviewed a proposal concerning the earnings-related pension contributions for 2027. The earnings-related pension companies will request the Ministry of Social Affairs and Health to confirm the proposed criteria for earnings-related pension contributions.
According to the proposal, the TyEL basic contribution of contract employers will be 24.96% of their payroll next year.
“An expense loading fee specific to each pension provider will be added to the basic contribution. The contribution is reduced by client bonuses based on the solvency of the pension insurance company”, says Teppo Rakkolainen, Chief Actuary at Veritas.
Proposal for TyEL contributions in 2027
- The TyEL basic contribution of contract employers, without the expense loading fee, is 24.96% of the payroll (24.85% in 2026).
- The TyEL insurance contribution of occasional employers is 25.96% of the payroll (25.85% in 2026).
- The TyEL component for employees is 7.30%.
Proposal for YEL contributions in 2027
- The contribution for entrepreneurs is 24.40% of the confirmed YEL income.
The Ministry of Social Affairs and Health confirms the TyEL and YEL contributions in November.
Read more:
- Press release of the Finnish Centre for Pensions: Pension contributions in 2027 (in Finnish) (6 October 2026)
