New year brings changes to adjusted daily allowances
A number of changes are being introduced to adjusted daily allowances as of the start of the new year. Some relate to the temporary measures that have been in place since 2020 due to the coronavirus pandemic and that are now being made permanent. The new rules apply to...
Apply for change security if you are 55 or above and your employment has been terminated on or after 1 January 2023
The new change security system for people aged 55 and above whose employment has been terminated will come into force at the beginning of 2023. The change security includes change security allowance, the right to access training and an extended re-employment leave.
Unemployment allowance for additional days to be replaced by a change security model for over 55s
The payment of unemployment security for additional days will be phased out to be replaced by a change security scheme for those aged 55 or over. The legislative amendments will enter into force at the beginning of 2023.
The basic unemployment allowance will increase with an index increment of 4,2 percent next year
The basic unemployment allowance and the basic component of the earnings-related unemployment allowance will rise to EUR 37.21. The increase will take effect on 1 January 2023.
Unemployment among KOKO members has fallen
The unemployment rate among KOKO members fell to 2.6% in July. The number KOKO members has been growing steadily and in June the limit of 240,000 members was exceeded.
Extra index increase for social benefits from 1 August 2022 to 31 December 2022
The Finnish Parliament has approved an additional index adjustment for social benefits for 2022. With this adjustment, the amount of earnings-related allowance, mobility assistance and job alternation compensation will increase. The adjustment will increase benefits paid from 1 August to 31 December 2022.
Extra index increment proposed for social security benefits
The Government has proposed an additional index adjustment for 2022 that would also increase benefits under the Unemployment Security Act, such as the basic unemployment allowance. Accordingly, the amount of earnings-related allowance, mobility assistance and job alternation compensation would also increase.
Mikko Wikstedt is new Chairman of the Board of Directors at KOKO as of 16 May 2022
Mikko Wikstedt was elected as the new Chairman of the Board of the Unemployment Fund for Highly Educated KOKO as of 16 May 2022. Wikstedt is an engineer by training and serves as secretary general of Helsinki Engineers HI ry.
Strikes and earnings-related unemployment allowance
If your work is prevented due to a strike, your right to earnings-related unemployment allowance during the strike depends on whether the strike is dependent on your terms of employment or working conditions. If you are on strike yourself (also applies to a solidarity strike), you are not entitled...
TE Offices’ new customer service model enters into force in May – changes to the job search obligation and suspension periods
As of 2 May 2022, a new customer service model will be introduced at TE Offices and municipalities included in the local government pilot. In the new model, jobseekers must, as a rule, apply for at least four jobs during a one-month review period.
Phone service opening hours during easter
KOKO fund’s phone service is open on Thursday 14.4. from 10 till 14. The phone service is closed 15.–18.4. Happy Easter!
Student, remember the unemployment fund membership when starting your summer job
As a student, you can join the unemployment fund if you are in paid employment. When you are a member of the fund, you accumulate earnings-related unemployment security for yourself during your studies.