Kela and YTK

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jack2012
Posts: 72
Joined: Sun Dec 03, 2017 12:58 pm

Kela and YTK

Post by jack2012 » Fri Dec 22, 2017 2:39 pm

Hi,

What is difference between Kela and YTK? If I have residence permit A type and a good job then should I go for YTK?

Please advise how they both work.

Thanks



Kela and YTK

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tavastia
Posts: 378
Joined: Tue Mar 08, 2016 1:54 pm

Re: Kela and YTK

Post by tavastia » Fri Dec 22, 2017 4:30 pm

if you get unemployed Kela will pay you the basic allowance like 5-600€. Ytk will pay based on your salary, like 60-70%... You can do the math :) https://en.ytk.fi/if-you-become-unemplo ... calculator


007
Posts: 632
Joined: Wed Sep 02, 2009 3:01 pm

Re: Kela and YTK

Post by 007 » Fri Dec 22, 2017 4:33 pm

jack2012 wrote:
Fri Dec 22, 2017 2:39 pm
Hi,

What is difference between Kela and YTK? If I have residence permit A type and a good job then should I go for YTK?

Please advise how they both work.

Thanks
You can compare them yourself. Both are available in English; however, the most important thing to know about them is that you should already be a member of YTK or other similiar kassa if you've been working.

Now, kela covers you, of course, if you are not a member of any kassa, but the unemployment money that you get from there is just the basic. So, joining a kassa gets you a bigger pie if and when you are laid off.
“Go where you are celebrated – not tolerated."
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Cory
Posts: 3667
Joined: Wed Jun 18, 2003 11:51 pm
Location: Turku

Re: Kela and YTK

Post by Cory » Sat Jan 06, 2018 3:21 pm

jack2012 wrote:
Fri Dec 22, 2017 2:39 pm

What is difference between Kela and YTK? If I have residence permit A type and a good job then should I go for YTK?Please advise how they both work.
KELA is a branch of the state sponsored social welfare system. We pay a certain percentage of our salaries every month in to this. We do not have a choice of whether we pay into this or not. If one becomes unemployed and does not belong to an unemployment fund or union, a daily basic income payment is given. Have no idea what this is but it's not much. Maybe 500-600 euros minus deductions.

YTK is just one of many choices a worker has to join. For an annual fee, in the case of YTK it is 100 euro/year. If an employee meets all the requirements before becoming unemployed, YTK will pay out about 60%, minus deducations, per month for up to a total of XXX number of days per month. It used to be 500 days but this has been reduced by about 100 days.

In addition to YTK, as someone already mentioned, there are several unions and other unemployment funds that one could consider joining.
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suomynona.yllatot
Posts: 54
Joined: Wed Jan 23, 2013 1:38 pm

Re: Kela and YTK

Post by suomynona.yllatot » Tue Jan 09, 2018 3:58 pm

Hi all,

Additionally, please do note the YTK dependency on KELA. I.e. if a person get's unemployed, their right to unemployment benefits are tied to statements and decisions from KELA - despite the fact that YTK is private and that the individual pays separately for it. Based on the recent proposal, it is likely that the new rules would also apply to YTK unemployment allows - again, despite that it is private institution.

Raises a couple of questions on the moral and ethical part on this.


Upphew
Posts: 10215
Joined: Tue Apr 08, 2008 10:55 pm
Location: Lappeenranta

Re: Kela and YTK

Post by Upphew » Tue Jan 09, 2018 4:05 pm

suomynona.yllatot wrote:
Tue Jan 09, 2018 3:58 pm
Hi all,

Additionally, please do note the YTK dependency on KELA. I.e. if a person get's unemployed, their right to unemployment benefits are tied to statements and decisions from KELA - despite the fact that YTK is private and that the individual pays separately for it. Based on the recent proposal, it is likely that the new rules would also apply to YTK unemployment allows - again, despite that it is private institution.

Raises a couple of questions on the moral and ethical part on this.
Like the part that YTK, and all the other unemployment funds, pay only 10% of the earnings related benefits. The rest comes from KELA.

edit. correction: 5,6% from funds, 38,9 from government (so Kela) and 55,5% from TVR, which gets money from employers and employees (the työttömyysvakuutusmaksu in your payslip).
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