Personnel fund's joint capital
The fund's by-laws may provide for part of the profit bonus items and the fund profit to be transferred to the fund's joint capital to be used for educational and other purposes for the benefit of the members. A transfer provision applies equally to shares in profit bonuses earned by persons who have become members of the personnel fund under section 14a in the Act on Personnel Funds (814/1989). The fund's by-laws may restrict a member's right to avail himself of membership benefits that have been acquired through the employment of the fund's joint capital, if he exercises his right under section 17a to withdraw his profit bonus share in cash.
Statistics using the definition
Validity of the definition
- Valid until (31 December 2078)