I am signing a short-term contract of a full-time job. Will the amount of my daily allowance be re-calculated afterwards?
The amount of the daily allowance is not re-calculated based on an employment relationship shorter than 26 weeks. Every calendar week that meets the criteria of the employment condition accumulates your employment condition, however. Each such week will be added to your working registry by KOKO fund.
Why have I received less money than I got last month?
The earnings-related allowance is paid for a maximum of 5 business days per week. When you apply for the allowance in periods of a month, the amount of the payable allowance varies depending on the number of business days in the month.
I will get a tax refund. Will it affect my daily allowance?
A personal tax refund does not affect the daily allowance.
When will my employment condition be met and my daily allowance maximum period reset? I have received daily allowance for the maximum period and am now employed again.
Payment of daily allowance may be resumed after you have accrued 26 calendar weeks of employment meeting the employment condition. However, weeks used for a previous calculation of the employment condition cannot be included in the calculation of meeting a new employment condition;
How many payment days do I have left?
The paid days, as well as the maximum payment period, are found in eService on the status page (counters), and the latest payment notification.
I am temporarily laid off, and my employer is paying me holiday pay. How does this affect my daily allowance?
If you are paid holiday pay based on full-time wages, you are not entitled to a daily allowance for the holiday days. If, on the other hand, you are paid holiday pay based on part-time wages, you are entitled to an adjusted daily allowance for the holiday days.
How does child home care allowance affect my daily allowance? Can I receive an earnings-related daily allowance and a child home care allowance simultaneously?
If you are paid a child home care allowance, this will be deducted from your earnings-related daily allowance. If your spouse is in part-time employment, is studying, or is an entrepreneur, any child home care allowance paid to him/her will be deducted from your daily allowance.
Why have I not been paid a daily allowance as of the first day of unemployment?
Payment of earnings-related daily allowance is preceded by a waiting period. The waiting period is a period corresponding to 5 full working days during which you would normally be paid daily allowance.
Payment of daily unemployment allowance is also prevented by a suspension period,
When my employment relationship terminated, I was paid a holiday bonus, holiday compensation, and a support package. How do these affect my daily allowance?
Any financial compensation received from the employer upon the termination of employment (such as a ‘golden handshake’, support package, or severance pay) will disqualify you from earnings-related daily allowance for the term over which such compensation is periodised on the basis of the wages you received in your...
Why is the wage used to calculate my daily allowance smaller than the actual wage I was paid when employed?
The monthly wage that forms the basis of earnings-related daily allowance is not the same as your monthly salary, since the employee’s pension contribution (TyEL) (4.40% in 2023) is deducted from the wages for the purposes of calculating the allowance.
If I become unemployed, how much daily allowance will I get?
The amount of your daily allowance is calculated based on your income data, which the fund normally gets directly from the income registry. When your application is being handled, you may be requested to send the monthly salary specifications in case the information received from the income registry is...
I submitted a daily allowance application a moment ago. When will the daily allowance be paid into my account?
Daily allowance applications are processed in the order in which they are received. Your daily allowance can be paid out once we have received all the information we need to process the application. The KOKO fund pays out daily allowances every weekday.