More than just a social insurance institution
We secure the everyday lives of our customers in all of life’s situations. In addition to providing pension insurance, we provide our customers with the following:
- Statutory occupational accident insurance
- Leisure-time accident insurance
- Mela sickness allowance
- Occupational rehabilitation
- Group life insurance
- Farm closure support for farmers and reindeer herders
In addition, we administer the farmers’ holiday and stand-in scheme, and we also provide advisory services related to occupational safety and wellbeing at work.
All of this put together is what we call Mela security.
Pension insurance for farmers and recipients of grants and scholarships is a legal obligation
In accordance with the Farmers’ Pension Act (MYEL), farmers, reindeer herders, fishermen and forest owners, as well as their families, are covered by MYEL pension insurance. Recipients of scientific or artistic grants and scholarships are covered by MYEL pension insurance.
MYEL pension insurance is a legal obligation, and the pension cover corresponds to that of other pension systems. Pension is also accrued in the same way as with other pension systems. If the insured person is also self-employed or in paid employment, MYEL pension insurance complements his or her overall pension cover.
MYEL pension insurance
MYEL pension insurance is compulsory for most rural entrepreneurs. If an entrepreneur is not covered by compulsory MYEL pension insurance, the insurance can be taken voluntarily.
MYEL pension insurance is compulsory for the following rural entrepreneurs:
- Self-employed entrepreneurs in agriculture and forestry, as well as paid family members taking part in the work
- Professional fishermen and family members taking part in the work
- Reindeer herders and family members involved in reindeer husbandry
- Pensioners who continue working as agricultural entrepreneurs
MYEL pension insurance for grant and scholarship recipients
MYEL pension insurance is compulsory for the following grant and scholarship recipients:
- Those who are covered by Finnish social security
- Those who have been awarded a working grant amounting to at least 1 326 euros (as of 2020) intended for artistic or scientific work in Finland lasting at least four months
MYEL pension insurance is compulsory for both individual grant recipients and members of a working group funded by a grant.
Grant recipients under the age of 18 and over the age of 68 are not eligible for MYEL pension insurance. In addition, recipients of grants or scholarships intended for basic degree studies, as well as grants intended to cover expenses alone (such as travel grants), are not required to take out MYEL pension insurance.