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2017-08-30 11:30:21 CEST 2017-08-30 11:30:21 CEST REGULATED INFORMATION Työttömyysvakuutusrahasto - Other information disclosed according to the rules of the ExchangeTVR budget and proposal for Unemployment Insurance Contribution rates for year 2018TVR budget and proposal for Unemployment Insurance Contribution rates for year 2018 TVR proposes Unemployment contribution rates to be lowered Unemployment Insurance Fund Stock Exchange Release 30 August 2017 at 12:30 p.m. The Supervisory Board of the Unemployment Insurance Fund (TVR) has approved on 30 August 2017 the budget for year 2018 and decided to propose to the Ministry of Social Affairs and Health, that the following changes would be applied to the Unemployment Insurance Contributions (UIC) for the year 2018: TVR proposes, that the average UIC for employers will be decreased by 0,50 percentage points and the UIC for employees to be raised by 0,30 percentage points. UIC rates will be the same for both the employers and employees on year 2018. TVR states, that the declining unemployment gives room for lower UIC rates and simultaneously provides for the financing of unemployment benefit payments and debt repayments. The unemployment rate in Finland is according to the budget estimated to be 8,6 percent in 2017 and 8,3 percent in the next year. The benefit payments paid by TVR will decrease by three percent in 2018 from 2017. TVR estimates the change in net position will be markedly positive in 2018 and the net position to return to positive territory. The level of UIC percentages for the next calendar year are set by the Finnish Parliament by amending the Finnish Act on Financing of Unemployment Benefits. TVR Budget 2018 source: TVR, Statistics Finland ---------------------------------------------------------------------- Amounts % 2 016 2017e Budget 2018 ---------------------------------------------------------------------- Unemployment rate 8,8 8,6 8,3 Wage sum growth p.a. 1,0 1,5 1,5 UIC, employers (average) 2,87 % 2,41 % 1,91 % UIC, employees 1,15 % 1,60 % 1,90 % ---------------------------------------------------------------------- Key Figures, EURm * ---------------------------------------------------------------------- Unemployment Insurance contributions 2 976 3 029 2 975 Other income ** 1 102 1 014 956 Benefits paid - 3 858 - 3 625 - 3 534 Surplus / deficit 220 418 397 Business cycle buffer - 466 - 48 349 Maximum limit for buffer 1 566 2 125 2 174 * figures for 2016 are audited ** contributions from MSAH Helsinki, 30 August 2017 Unemployment Insurance Fund (TVR) Tapio Oksanen Deputy Managing Director Additional information: Janne Metsämäki, Managing Director. tel. +358 40 522 3614 Tapio Oksanen, Deputy Managing Director, CFO tel. +358 40 539 4651 Distribution: NASDAQ OMX Helsinki Media www.tvr.fi [] |
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