Sweden Finland Austria

’Standard’ income events
1.
Ill for one week. Single APW
The gross wage is reduced by 1/52, i.e. 2,345 FIM. In Finland there is a waiting
period of 9 weekdays, so there is no compensation at all from the insurance scheme
for the first week of illness.

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The gross compensation percentage is 0. When the APW is ill for one week his or
her disposable income is 75,517 FIM.
The decrease in disposable income compared to the situation without illness is
76,578 - 75,517 = 1,061 FIM or 1.4 per cent.
In Finland labour market agreements are covering the relatively long waiting period.
In the usual situation the employee therefore receives wages during short term
illness. In some agreements wages will be paid during illness for 1 to 2 months.
2.
Unemployed for 3 months during the year, insured. Single APW
The loss of income is 1/4 of the gross wage, i.e. 30,479 FIM. The compensation on
a daily basis is: Basic benefit of 116 FIM/day plus 42 per cent of the difference
between 456 and 116 = 142.80 FIM/day, in total 258.80 FIM/day. The entry in the
42 per cent bracket is calculated as 121,916:12 = 10,160 FIM. The daily basis is 96.5
per cent of 10,160 FIM:21.5 = 456 FIM. This is lower than the ceiling which is 90
× 116:21.5 = 485.58 FIM/day, so there is no 20 per cent component. The calculated
daily benefit is paid for 5 days a week. There is a waiting period of 5 days (1 week),
so the compensation is 65 - 5 = 60 days × 258.80 FIM/day = 15,528 FIM.
The gross compensation percentage is 15,528 / 30,479 × 100 = 51. The disposable
income of the APW is 70,184 FIM when he or she is unemployed 25 per cent of the
year.
The decrease in disposable income is 76,578 - 70,184 = 6,394 FIM or 8.3 per cent.