Increased components of allowances to be discontinued on 1 January 2025
The Finnish Government has proposed to discontinue the payment of the increased component of the earnings-related unemployment allowance to persons participating in employment-promoting services from 1 January 2025 onwards.
The membership fee for KOKO is 63 € in 2025
KOKO fund’s membership fee for 2025 is 63 euros, meaning the membership fee remains the same as in 2024.
How we serve you at KOKO
Did you become unemployed or were you temporarily laid off? Our job at KOKO is to help.
Unemployment security changes in September – see if the changes apply to you
The Unemployment Security Act has undergone many changes this year. In this article, we will explain what changed on 2 September 2024 and who will be affected by these changes.
Temporary processing delays for daily allowance applications
The processing of daily allowance applications is currently experiencing delays due to the high volume of submissions, which may result in longer processing times for receiving your daily allowance.
The following age-related exceptions to unemployment security continue to apply in the future
Due to changes in legislation in autumn 2024, a large part of age-related exceptions to unemployment security will be abolished. In this article, we explain age-related exceptions will still continue to apply.
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.
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.
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.