The Unemployment Insurance Fund (TVR) having launched its operations in 1999 is an independent institution governed by labour market parties and supervised by the FIN-FSA. The main task of TVR is to finance unemployment benefits. TVR also steers, develops and monitors the implementation of the collection procedure of unemployment insurance contribution and determines and collects the employer´s liability component within the unemployment insurance contribution. In addition, TVR processes employers’ professional education allowance. The operations of TVR are financed by investment returns and unemployment insurance contributions collected from employers and employees.