Quick instructions if you become laid off or unemployed
Were you laid off or became unemployed? Check the quick guide in this article.
Summary of legislative amendments to unemployment security in the autumn
There have been a number of amendments to the Unemployment Security Act during 2024, and more changes will follow already in the autumn. Below is the KOKO fund’s summary of the upcoming changes.
The increase in unemployment benefits will be abolished on January 1, 2025.
Daily allowance can be paid at an increased rate when a person participates in a service that promotes employment. The Finnish government decided in a spending limits session that the increase will be waived on January 1, 2025.
Annual holidays, holiday bonuses and other current daily allowance for applicants
As summer is approaching, we get a lot of questions about the impact of annual holidays and holiday bonuses on the payment of earnings-related daily allowance, for example. In this article, we have collected current instructions for the unemployed and laid-off.
Earnings-related unemployment allowance will be staggered going forward
The Government is preparing a legislative amendment to stagger daily allowance. Staggering daily allowance means that the amount of daily allowance you receive would be reduced by 20% after 40 benefit days and 25% after 170 benefit days. Staggered daily allowance would apply to individuals whose daily allowance calculation...
Adjusted daily allowance – what is it in practice?
If you earn an income in addition to unemployment allowance, your daily allowance will be adjusted. Adjusted earned income includes wages for part-time work, income from self-employment and attendance fees. When your daily allowance is adjusted, it is reduced by an amount equal to 50% of your earned income.
Employment condition changing on 2 September 2024
Unemployment Security Act amendments concerning the employment history required to be eligible for earnings-related unemployment allowance, also known as the employment condition, will be coming into effect in the autumn of 2024. Starting 2 September 2024, the length of the employment condition will be doubled,
The job alternation leave system is being abolished
The Finnish Government has proposed the abolition of job alternation leave from 1 August 2024 to Parliament. If you still want to take advantage of job alternation leave, act fast.
Due to a disruption at OP Bank, there is a delay in the payment of allowances
Some of the allowances paid by KOKO on April 25 have not been transferred to customer accounts due to a disruption in OP Bank's payment traffic.
Phone service opening hours during easter
KOKO fund’s phone service is open on Thursday 28.3. from 10 till 14. On Friday 29.3. and Monday 1.4. the phone service is closed. Happy Easter!
The €300 standard entitlement on work income is being abolished, and, going forward, the daily allowance of even small income earners will be adjusted
The daily allowance of people who receive unemployment allowance and earn an income (e.g., wages from part-time work, earnings from entrepreneurship, attendance fees) will be adjusted going forward. This means that any income you earn will affect the amount of daily allowance you receive.
Child increases and standard entitlement will be abolished on April 1, 2024
At the beginning of April, two legislative changes that affect the amount of earnings-related allowance will come into effect. One of the changes affects recipients of the daily allowance who have children, and the other affects recipients of the daily allowance who also receive earned income alongside the allowance.