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Electrical Workers´ Unemployment Fund to merge with Unemployment Fund Aaria on 1 January 2023
At meetings on 13 May 2022 and 25 May 2022, the governing bodies of unemployment funds have approved the merger of the funds and the proposed rule changes. The merger still requires the approval of the Financial Supervisory Authority and the registration of the unemployment fund.
Impact of the merger on members
The merger does not require any action from the members of the funds. The merger will not result in changes to the unemployment security earned by members or to the payment of earnings-related allowance.
Benefits of the merger
As a result of the merger, the membership of the Unemployment Fund Aria will increase by about 18,000 new members. In addition, the fund gains access to new personnel resources. The merger is expected to bring benefits to the fund’s finances, administration and services, as our ability to respond to the growing obligations of the funds is reinforced.
Unemployment Fund Aaria has listed controlled growth and the development of services as its key objectives until 2030. The merger will help us achieve these objectives. Following the merger, Unemployment Fund Aaria will have approximately 115,000 members in total.
Further information
Tuija Taxell
Fund Director
Unemployment Fund Aaria
Tarja Ojala
Fund Director
Electrical Workers´ Unemployment Fund
