Financial benefits
If you become unemployed, you may qualify for the unemployment insurance benefit. The right to the unemployment insurance benefit is subject to certain conditions, and is limited in time and in amount.
If you do not meet the conditions to receive an unemployment insurance benefit, you may still be able to receive an unemployment allowance, which is a residual scheme that provides for a minimal financial support.
Töötukassa also provides compensation to employees who are made redundant (redundancy benefit) and to companies that go bankrupt, so that they can meet their obligations towards their employees (insolvency benefit).
Furthermore, certain compensations and financial benefits are connected to participation in trainings, and business start-up subsidies are available for those who want to develop a new economic activity.
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