Terms and conditions for insurance contracts according to the Employees Pensions Act (TyEL).
TyEL insurance terms and conditions
2.1.2026
12.11.2025, News and press releases
The interest on TyEL and YEL insurance contributions will change to 2.20% at the start of 2026. Interest is added to an insurance contribution amount if the due date for the invoice is postponed until a later date.
14.5.2025, News and press releases
The insurance contribution interest rate used in compounding the TyEL insurance contributions will decrease to 2.10 per cent at the beginning of July. The interest rate has been 2.65 per cent during the first half of the year.
13.11.2023, News and press releases
The interest on TyEL and YEL insurance contributions will rise at the start of 2024 to 4.10%. Interest will be added to the insurance contribution amount if the due date for the invoice is postponed until a later date.
17.2.2023, News and press releases
Pension Insurance Company Veritas delivered strong growth in the year 2022. Veritas’ premiums written grew by 13.4 per cent, to nearly EUR 700 million. At the end of the year, Veritas provided insurance cover for nearly 68 000 employees and over 14 000 entrepreneurs.