Application processing times become longer as we approach the summer
The unemployment fund has been able to handle the rising number of applications reasonably well in the past few weeks, but processing times will inevitably become longer. KOKO has prepared for the rising number of applications in various ways.
Frequently asked questions about coronavirus to the KOKO unemployment fund
In this article we have gathered answers to the most common questions about coronavirus our customers have asked us.
What to do if you are laid off due to the coronavirus
In principle, you are paid either a salary or sickness allowance for the period of illness, and sickness allowance on account of an infectious disease for the period of quarantine. Temporary lay-offs may also be possible as a result of the coronavirus.
Subscribe to payment notifications by SMS
Enable SMS payment notifications in eService and you will receive information on payments as soon as your application has been handled.
New tax cards and taxation of earnings-related daily allowance
New salary tax cards, that come into force in the beginning of February, will be automatically transferred to the KOKO fund. We recommend that you provide us with a revised tax card for the purpose of the benefit.
Here’s how the incomes register will affect applying for earnings-related unemployment allowance
The KOKO fund will receive salary information from the incomes register as of 1 January 2020. Salary information is used to calculate the amount of earnings-related unemployment allowance and to examine the right to daily allowance.
Increases in earnings-related unemployment allowance
With the general increase and index increment, the amount of the basic unemployment allowance rises to EUR 33.66 / day in 2020. For earnings-related unemployment allowance, the amount of the increase depends partly on your salary.
The cuts of unemployment security in accordance with the Activation Model are being dropped
The Parliament has approved amendments to the Unemployment Security Act to repeal the Activation Model on 11 December 2019.
Threshold of 200,000 members exceeded at KOKO fund
The KOKO fund now has more than 200,000 members. We thank both our new and old members for their trust, and we promise to continue to firmly provide security in changes in working life also in the future!
The MMA Unemployment Fund will be merged with the KOKO fund
The MMA Unemployment Fund for Professionals in Sales, Marketing and Purchasing will be merged with the Unemployment fund for highly educated KOKO in the beginning of 2021. The merger will not affect KOKO’s current members.
The postal strike will affect KOKO’s mail deliveries
During the postal strike starting on Monday 11/11, mail will not be sent from the KOKO fund. Though the strike will delay the mailing of decisions, this will not affect the payment of benefits. We recommend sending applications and attachments through the KOKO fund’s eService.
Membership fee in 2020 is 66 euros
KOKO fund’s membership fee is 66 euros in 2020. The fee is 9 euros lower than the year before.