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.
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.
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.
The Finnish Government has proposed a law abolishing job alternation leave to Parliament
According to the Government’s proposal, the job alternation leave system would be abolished in such a way that new periods of alternation leave could be started until 31 July 2024.
Are you wondering whether you will get compensation during a strike?
KOKO's customer service is currently handling matters related to the strike. Here are the answers to the most frequently asked questions regarding the topic
The payment of child increases will end at the beginning of April
Due to the legislative amendment, child increments will no longer be paid for unemployment or lay-off days as of 1 April 2024. Until the end of March, the amount of the child increment is EUR 130–240 per month, depending on the number of children.
Employment rate of KOKO members weakened in 2023
The employment rate of KOKO members weakened during 2023. During the year, the fund received a total of 102 503 earnings-related daily allowance applications, which is 12% more than in 2022, when 91 589 applications were received. A total of 14 336 first applications were received (2022: 8 278).
Temporary delays in the processing of 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.
Current issues concerning tax cards
The unemployment funds get the information on the new salary tax cards (valid from 1.2.) directly from the tax administration.
