The TBU was first appointed in 1967. Since 1969, the committee has been reappointed for periods of four years at a time, most recently in September 2023, when the committee was reappointed for the period lasting until 30 September 2027 with the following remit:

  • In connection with income settlements, the committee shall present the best possible background figures in a form that, as far as possible, helps to avoid disagreement arising between the parties.
  • At the Ministry’s request, the committee must be able to clarify the background figures in connection with special income policy matters.
  • The committee shall present summary reports after the conclusion of income settlements.

The committee's reports are submitted to the Ministry of Labour and Social Inclusion.