Extended transition security for employees aged 55 or over

If you are dismissed from your employment relationship on production or financial grounds and you have turned 55, you may be entitled to extended transition security. The extended transition security services will support your rapid re-employment.

Transition security for those aged 55 or over includes

• transition security allowance,
• transition security training and
• extended employment leave of 5, 15 or 25 days.

The transition security allowance is, on average, equal to your one-month salary. The transition security allowance is paid by the institution paying the unemployment benefit, i.e. an unemployment fund or Kela.

The purpose of the transition security training is to promote your re-employment. The training increases your professional skills or supports your business operations, and its content meets your training needs. The training may last up to six months and is organised by the employment authority. Participating in the training is voluntary.

Under the Employment Contracts Act, your employer must inform you if you are entitled to transition security for those aged 55 or over. The obligation to provide information applies to all employers.