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Finnish Social Security System

Finnish Social Security System. The Finnish Social Security system is very open and two faceted. Some benefits are residence-based, some employment-based . Social insurance ( Financed by special insurance premiums ) Mandatory :

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Finnish Social Security System

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  1. Finnish Social Security System The Finnish Social Security system is very open and two faceted. Some benefits are residence-based, some employment-based.

  2. Social insurance • (Financedbyspecialinsurancepremiums) • Mandatory : • - Sicknessinsurance, Pension insurancelaws, EmploymentAccidents • Voluntary: Unemploymentinsurance • Social allowances • Familyallowance . Allmothersareentitled, despite of incomes of the family.

  3. Socialwelfare • Financedbytaxincome. Strictlydependent on income • Labour marketsubsidy • Incomesupport • Social services • Day care • childcaresubsidies

  4. Residence-based Social Security • Persons, who have a permanent resident in Finland despite of their nationality are entitled to social security benefits. • Benefits • familyallowance • studentfinancialaid • maternityallowance • sicknessallowance • cashbenefits for parents • reimbursement of medicalexpenses • unemployment benefit / allowance (non-earnings related) • labour marketsubsidy • childcaresubsidies • disabilityallowance • rehabilitation and rehabilitationallowance • national pension (non-earnings related) • family pension (non-earnings related) • pensioner’shousingallowance • general housingallowance • private day-care and child home care allowance

  5. Maternityallowance • Maternityallowance 105 days • Parents´ allowance 159 days

  6. Familyallowance • Family allowance is paid for children under 17 who are living in Finland. Its amount depends on the number of eligible children in the household. Single parentsget a supplement for eachchild • Amount 100 – 172 euros per child

  7. Unemployment benefit National Pensions Disabiliy, old-age 495-558 euros if other pension incomes are less than 1020- 1150 euros per month. • (23 euros per working day)

  8. Employment-based Social Security • Earnings-related unemployment allowance (about 60 %) • Accident insurance and security against occupational accidents and illnesses (80 -100 %) • Pension acts for employees, entrepreneurs, public servants, farmers (max 60 %)

  9. Employment-based Social Security • Earnings-related Unemployment Allowance • Members of labor unions. • Max 500 days. (50-70 %) • Earnings-related Pensions (60 – 66 %) • Private insurance companies • Public sector

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