Työttömyysvakuutusrahasto (TVR)

What Työttömyysvakuutusrahasto (TVR) does

Työllisyysrahasto (Employment Fund, formerly Työttömyysvakuutusrahasto/TVR) is a Finnish statutory fund established by law (Laki työttömyysetuuksien rahoituksesta 555/1998) and operating under the Ministry of Social Affairs and Health, supervised by Finanssivalvonta. The entity was formed on January 1, 2019 through the merger of Työttömyysvakuutusrahasto (Unemployment Insurance Fund) and Koulutusrahasto (Education Fund). It is managed by labor-market social partners with equal representation from employer confederations (EK, KT) and employee confederations (SAK, STTK, Akava). Its mandate is to collect mandatory unemployment insurance contributions from all Finnish employers and employees aged 18-64, and to finance earnings-related unemployment allowance, pension accrual during unemployment, transition security for workers aged 55 and over, and wage guarantee. Adult education benefits (aikuiskoulutustuki and ammattitutkintostipendi) were discontinued under 2024 legislation, with the transition period ending March 31, 2026.

The organization runs a quarterly invoicing cycle driven by integration with the national income register (tulorekisteri/KATRE) since January 2019, achieving near-full automation of contribution billing. Its adult-education service was built on the ServiceNow platform; an automated decision-making system, governed by Administrative Procedure Act Chapter 8b (effective May 2023), processes approximately 80-85% of payment applications automatically. A centralized data platform supports reporting, automated processes, and AI readiness. In October 2025 the fund completed a comprehensive migration of IT services to a new vendor (11 workstreams covering cloud, servers, support, and data communications), and in May 2026 it launched a public procurement competition for renewal of its online customer service portal. Tech and operations partners include ServiceNow (adult-education service), Basware Oyj (e-invoicing), TalentAdore (recruitment), WhistleB (whistleblowing), and React & Share (web feedback).

Työllisyysrahasto is not a commercially revenue-generating entity in the conventional sense; it is financed by a legislatively set combined contribution rate (approximately 1.8% of wages in 2025/2026) split between employers and employees, supplemented by state and municipality contributions. In 2025, incoming funding totaled approximately EUR 1,907 million (employees 607M, employers 600M, state 605M, municipalities 95M) against outgoing payments of approximately EUR 2,668 million, producing a cyclical buffer (suhdannepuskuri) of approximately EUR 543 million at year-end (statutory maximum ~EUR 1,100 million). Liquidity is supported by an AA+/A-1+ S&P credit rating (aligned with the Finnish sovereign, outlook changed to negative in April 2026), a EUR 600 million unsecured bond maturing June 2027, and EUR 800 million in committed revolving credit facilities signed May 21, 2026. The fund is headquartered in Helsinki (Itämerenkatu 11-13) with approximately 150 employees.

Name

Työttömyysvakuutusrahasto (TVR)

Legal name

Työllisyysrahasto

Website

https://tvr.fi

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Työllisyysrahasto (Employment Fund) is a Finnish statutory fund that collects mandatory unemployment insurance contributions from all Finnish employers and employees aged 18-64, financing earnings-related unemployment allowance, pension accrual, transition security for workers 55+, and wage guarantee under Ministry of Social Affairs and Health oversight.

Ownership category

akta.pro rank

Product category

Unemployment Insurance Fund

NAICS

Health and Welfare Funds (525120), Insurance and Employee Benefit Funds (5251), Other Insurance Funds (525190)

SIC

Services-Social Services (8300), Insurance Agents, Brokers & Service (6411)

akta.pro industry

PRIMARYBPAIAKAB

Unemployment Insurance & Employment Support Benefits

Business & Public Services/Public Sector & Government Administration/Social Security, Benefits & Welfare Administration

SECONDARYBPAIAKAA

Pensions & Retirement Benefits Administration

Business & Public Services/Public Sector & Government Administration/Social Security, Benefits & Welfare Administration

SECONDARYBPAIAKAE

Income Support & Cash Assistance Programs

Business & Public Services/Public Sector & Government Administration/Social Security, Benefits & Welfare Administration

Keywords

• Unemployment insurance administration
• Statutory social security fund
• Earnings-related allowance funding
• Transition security financing
• Wage guarantee administration

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Others

Revenue model

1. Työttömyysvakuutusmaksut (Unemployment Insurance Contributions): Työllisyysrahasto collects mandatory unemployment insurance contributions from both Finnish employers and employees (aged 18–64). These contributions are legislated annually by Parliament. The combined contribution rate was approximately 1.8% of wages as of 2025/2026. Revenue is generated through statutory contributions and invested in financing unemployment security, pension accrual during unemployment periods, transition security for persons aged 55+, and wage guarantee. Funding also comes from the state and municipalities.
2. State and Municipality Contributions: Työllisyysrahasto receives funding contributions from the Finnish state and municipalities as part of the unemployment insurance financing system. According to 2025 flow data: employees contribute approximately 607 million euros, employers approximately 600 million euros, state approximately 605 million euros, and municipalities approximately 95 million euros, totaling approximately 1,907 million euros in incoming funding.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Työllisyysrahasto is a Finnish statutory unemployment insurance fund that collects mandatory unemployment insurance contributions from employers and employees (aged 18-64) and uses them to finance earnings-related unemployment allowance, pension accrual during unemployment, transition security for persons aged 55 and over, and wage guarantee. The fund also administers employer training compensation and previously managed adult education benefits (discontinued 2024-2026).

Differentiator

Problem solved

Functional benefit

Products and services

• Työttömyysvakuutusmaksujen palvelut (Unemployment Insurance Contributions Service) Core service for collecting mandatory unemployment insurance contributions from Finnish employers and employees, invoiced quarterly based on payroll data reported to the national income register (tulorekisteri). Includes administration of employer training compensation (koulutuskorvaus). Nearly all invoicing is fully automated using income register data since January 2019.
• Asiointipalvelu (Unemployment Insurance Contributions Online Service) Digital self-service portal for employers to manage unemployment insurance contributions, update contact and billing information, view income register data, access decisions and invoices, and communicate securely with Työllisyysrahasto. Authentication via Suomi.fi using bank credentials, mobile certificate, or certificate card. Procurement for a complete portal renewal launched in May 2026.
• Aikuisopiskelijan etuuksien asiointipalvelu (Adult Education Benefits E-Service) Online service for adult education allowance (aikuiskoulutustuki) and vocational qualification stipend (ammattitutkintostipendi) applications, built on the ServiceNow platform. Adult education allowance was discontinued at end of 2025; the service continues to handle residual matters with final payments possible until March 31, 2026.

Quantifiable outcome

• Approximately 80–85% of adult education benefit payment applications processed automatically
• +3 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability2 records

Feature4 records

Partnerships

One partnership is on record.

• FinanssivalvontacoreOthersFinancial Supervisory Authority (Finanssivalvonta) supervises Työllisyysrahasto's operations. Työllisyysrahasto operates under the administrative sector of the Ministry of Social Affairs and Health (STM).

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Others

• Pensionsskyddscentralen (PSC): Finnish pension insurance center operates under the same Ministry of Social Affairs and Health and shares the social-partner governance model. Provides adjacency as another statutory Finnish social security institution with similar supervisory and structural characteristics.
• Tullen: Finnish Customs is a comparable state-adjacent institution under Finnish government administration that collects mandatory levies (customs duties, taxes) from businesses and individuals. Useful as a benchmark for Finnish statutory revenue collection agencies with similar automation and citizen-facing service mandates.

Direct peers

• Kela (Kansaneläkelaitos): Finland's Social Insurance Institution administers basic unemployment allowance (peruspäiväraha), housing allowances, and other statutory benefits. Direct functional peer operating in the same Finnish social security ecosystem and receiving funding flows from Työllisyysrahasto (€94M in 2025).
• Työsuojelurahasto: Finnish Workers' Compensation Fund finances occupational safety and wellbeing research and development, financed through a levy on insurance premiums. Operates within the same social-partner governance model and statutory fund ecosystem as Työllisyysrahasto.
• Eläketurvakeskus (ETK): Finnish Centre for Pensions coordinates statutory earnings-related pension provision and handles pension accrual during unemployment — an area Työllisyysrahasto funds. Both operate as social-partner-managed institutions under the Ministry of Social Affairs and Health.
• Arbetsmarknadens Försäkringsaktiebolag (AFA): Swedish jointly administered insurance provider for collective labour market agreements covering occupational pensions, injury, and family leave. Most directly comparable European peer — same social-partner model, statutory mandate, and labor-market-driven revenue base.

Broad incumbents

• Försäkringskassan: Swedish Social Insurance Agency administers statutory benefits including parental leave, child allowance, and sickness benefits. Comparable as a Nordic government-administered social insurance fund with overlapping benefit categories.
• NAV (Arbeids- og velferdsetaten): Norwegian Labour and Welfare Administration is a much larger government agency combining unemployment benefits, pensions, sick leave, and welfare services. Provides a broader incumbent view of how Nordic countries integrate unemployment insurance administration.

Regional players

• Alfa (Alfa-kassan): Sweden's largest unemployment fund (a-kassa) provides earnings-related unemployment benefits to its members. Functionally comparable to the unemployment fund system that receives Työllisyysrahasto's contribution flows in Finland, but operates in the Swedish market.
• Styrelsen for Arbejdsmarked og Rekruttering (STAR): Danish authority under the Ministry of Employment overseeing labor market policies including unemployment insurance funding and transition security (arbejdsmarkedsbidrag). Regional peer administering similar unemployment insurance financing mechanisms in Denmark.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/unemployment-insurance-fund-tvr-

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Työttömyysvakuutusrahasto (TVR)