Phase
Decree on State Officials' Severance Pay (999/1994)
Native name
Valtion virkamiesten eroraha-asetus (999/1994)
Type
Severance pay/redundancy compensation
Added to database
14 July 2015

Article

Sec. 1-3


Description

State officials can be entitled to severance pay when dismissed, or if resigning after at least 150 days since the start of an indefinite lay-off. Severance pay will then be applicable if a job centre has not been able to find work or training for the employee within one month following the dismissal or resignation. The employee must be between 45 and 64 years of age and must not be entitled to any kind of pension. In order to qualify for the severance pay, the employee must further have been employed by the state for a minimum of five contiguous years prior to the dismissal, with an average weekly working time of at least 16 hours.

Severance pay is not formally regulated for any other types of employers or contracts.


Commentary

No information available.


Additional metadata

Cost covered by
Employer National government
Involved actors other than national government
Public employment service
Involvement (others)
None
Thresholds
Affected employees: No, applicable in all circumstances
Company size: No, applicable in all circumstances
Additional information: No, applicable in all circumstances

Citation

Eurofound (2015), Finland: Severance pay/redundancy compensation, Restructuring legislation database, Dublin, https://apps.eurofound.europa.eu/legislationdb/severance-payredundancy-compensation/finland

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