Hello, There are difference unemployment fund options available so i am not sure what will be the best one. and is there even any difference in the payment if someone gets laid off ?

some of my friends are part of KOKO https://kokokassa.fi/en/ and others are part of YTK https://www.ytkpalvelut.fi/en/services/daily-allowance

so that is why it is abit confusing that how can someone check that which one would be better? there might be some additional benefits in YTK but i am talking about the allowance( money) you get after being laid off, not the additional benefits.

Hope to get some clear answers. Thanks

by sohwa04

6 comments

  1. They are the same in terms of benefits. Koko is better because it costs less. Funds don’t really do much, it is still te-toimisto that makes the decisions

  2. I encourage you to join an actual union (which also have unemployment funds), rather than just a fund. The separate unemployment funds were set up to crumble the influence and impact of worker unions. Unions provide you additional benefits.

  3. You can do a search on this sub for more details, if you qualify for Koko, then join that it is cheap.
    Assuming you are working a job for “educated people” (sounds a bit dismissive for whoever is the un-educated…) so probably something that requires at the. Wry least a bachelor, many unions you could join are using Koko, so if you decided to join one you can just transfer.
    If I remember right YTK was created by employers as a kind of ploy to offer an “alternative” aka preventing people to be too interesting in union …

    Amount will be the same, that’s the magic of Finland, a non intuitive system for salary based unemployment payment with many options to choose from for a small fee, with the exact same result. Makes you wonder why it is not just centralized,.. and if you forget about it, and don’t pay you like sub 100€ “insurance” months in advance what you get is the minimum Kela payment. such a shitty system.

  4. What additional benefits YTK has? They both are funds that follow same law. Both should pay the same amount. KOKO might handle your case faster

  5. You should ask what union your workplace falls under and join that + the unemployment fund. There should be a union representative in your workplace that can help you with all of that. If that is not an option you can join a union base on your field of education, you can contact Akava for more info. Then you should register the membership expenses with Vero; union membership (and the unemployment fund) is 100% tax deductible and before anyone argues that it isn’t, it’s explained in this document under chapter 4: https://www.vero.fi/syventavat-vero-ohjeet/ohje-hakusivu/48490/tulonhankkimismenot-ansiotuloista/
    Join a union. It’s your right as an employee.

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