Unemployment Benefit Rises After Minimum Wage Increase

Following a rise in the national minimum wage, unemployment benefits have also increased, with payments now tiered according to previous earnings and employment type, affecting around 170,000 registered job seekers

Unemployment Benefit Rises After Minimum Wage Increase

Unemployment benefits have increased following a recent rise in the national minimum wage, leading to higher monthly payments for eligible job seekers. The adjustment affects hundreds of thousands of registered unemployed individuals and is based on updated wage calculations.

The change comes after the minimum monthly wage was raised to €920, with the basic daily wage also adjusted upward. As a result, both daily and monthly unemployment benefit levels have been revised.

New unemployment benefit amounts

The daily unemployment benefit is now set at 55% of the minimum daily wage, reaching €22.60, up from €21.62. This translates into a monthly unemployment benefit of €564.98, calculated as 25 daily payments, compared with the previous €540.

Around 170,000 registered unemployed individuals are eligible for the benefit, according to recent payment data.

Three-tier system based on past employment
Benefit levels vary depending on the claimant’s previous employment status and earnings, which are grouped into three categories: full-time, part-time, and rotational or irregular employment.

Those who previously earned more than twelve times the minimum daily wage qualify for the full benefit of €564.98 per month.

Individuals whose earnings ranged between six and twelve times the minimum daily wage receive 75% of the full amount, equal to €423.73 per month.

Those who earned less than six times the minimum daily wage are entitled to 50% of the full benefit, or €282.49 per month.

Unemployment payments are further increased by 10% for each dependent declared in the recipient’s tax records, providing additional financial support for households with children or other dependents.

Source: tovima.com

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