Unemployment benefits increase and become 'fairer' – length of service will be counted – Newsbomb – News

The unemployment allowance becomes larger and more proportional for those with long experience and receiving increasing salaries.

The relevant OECD report will be delivered to the government at the end of the month and includes three changes.

First, unemployment benefit and long-term unemployment benefit are combined. The unemployed receive 55% of the minimum wage, and when this amount rises from April 1 to 830 euros, the unemployed will receive approximately 5,500 euros per year.

Second, the amount of unemployment benefit will be progressive, but this will decrease as the months pass, so that the unemployed person does not lose his incentive to look for work.

Thirdly, an additional amount is provided for those who have more years of insurance, with an average of 200 euros per month. This is done for reasons of proportionality, as the unemployed have contributed more to the insurance funds through their previous work.

See ANT1 report:

In order to raise the minimum wage and changes to unemployment benefits Labor Minister Domna Michelidou spoke to Parapolitika 90.1 radio station.

When asked when she would recommend an increase in the minimum wage, she replied: “By March 22, my proposal will be submitted to the Council of Ministers, so that it can be determined what the fourth consecutive increase in the minimum wage will be.” Yes valid will start from April 1. “Our intention is to start early, so that it can be integrated into the tourist season, it can be integrated into wages that are not covered by collective agreements and also as a reminder that 19 other benefits are affected by the minimum wage.”

The amount of the minimum wage

“None of us knows where the minimum wage will go, and that's because it's a tripartite agreement. We have set the target at €950 at the end of the four years, We want the escalation to be distributed correctly, so that we do not reach last year and the minimum wage rises too much, so that we can maintain a climate of labor peace between the employer and the employee, and what we know is that we certainly want the minimum wage to be higher than Inflation.

“The new bottom will have the number 8 on the front, Whether the increase will be 4%, 6% or 7% is something we expect to see as suggestions from employers and employees, he noted.

to New calculation of unemployment benefits He said: “The unemployment benefit must have a return on the years in which the person contributes from his salary and on the amount he provides to the unemployment fund each year, so we will set a ceiling and a minimum for this return.” The other element that we will put into unemployment benefits is the tapering element. Today, unemployment benefits are set at 55% of the minimum wage, and what we want is for it to be the same amount as a whole, but when someone comes off unemployment, it should be a 55% higher amount that covers them. This will be slowly reduced until there is more need and incentive to enter the labor market.”

Regarding the unemployment rate, he said: “The latest information we have is that we are now at 8.9%.”