Unemployment insurance contributions for 2022 have been confirmed

Stock Exchange Release 
Employment Fund 
December 16, 2021 at 15.00

The President of the Republic approved the bill on next year’s unemployment insurance contributions on 16 December 2021. According to the enacted law, the amount of unemployment insurance contributions will be increased by 0.20 percentage points in total. Employers’ average contribution will be increased by 0.10 percentage points and employees’ contribution by 0.10 percentage points. 

The contribution rates for 2022 are as follows: 

• Employee unemployment insurance contribution is 1.50% of the wage. 
• Employer unemployment insurance contribution is 0.50% of the wage if the wage sum is no more than EUR 2,197,500. The unemployment insurance contribution for the part exceeding the wage limit is 2.05% of the wages. 
• The employee contribution paid by part-owners is 0.74% of wages. The employer contribution paid for a part-owner is 0.50%. 
• The unemployment insurance contribution of state-owned companies is 0.50% of the amount of wages paid, if the wage sum is no more than EUR 2,197,500. The contribution for the part exceeding the wage limit is 1.18% of the wages. 
• Unemployment insurance contribution of universities is 0.50% of the wages, if the wage sum is no more than EUR 2,197,500. The unemployment insurance contribution for the part exceeding the wage limit is 1.49% of the wages. 

The confirmed unemployment insurance contributions are in line with the proposal made by the Employment Fund in August 2021. Contributions will be increased to finance increased unemployment allowance expenses. 

 

Helsinki, 16 December 2021 

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 
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