Legal Alerts / 14 Apr 2010

Legal Alert – Personnel funds: Government proposes new act

The Finnish Government has issued a bill to the Parliament on 9 April 2010 proposing a new Act on Personnel Funds (HE 44/2010). The aim is to render personnel funds as a means of rewarding the employees more attractive to both employers and employees, and thereby increase employee participation to company profits. The new Act is proposed to enter into force on 1 January 2011.

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