unemployment benefit

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unemployment benefit

1. (in Britain, formerly) a regular payment to a person who is out of work: replaced by jobseeker's allowance in 1996
2. (in New Zealand) a means-tested monetary benefit paid weekly by the Social Security Department to the unemployed

Unemployment Benefit

 

in capitalist countries, special monetary aid to persons who are out of work as a result of unemployment. Unemployment benefits have been introduced in 30 capitalist countries. As a rule, agricultural workers are not eligible. Unemployment benefits are usually financed in equal amounts by the contributions of workers and employers.

In Italy and the USA, only employers contribute to unemployment benefits. In Australia, New Zealand, and Luxembourg, benefits are paid for entirely out of state funds only to those unemployed who have undergone a thorough investigation of need and are classified as having no other means of subsistence. In Denmark, Finland, and Sweden, benefits are paid only to members of special funds set up on a voluntary basis by trade unions. Contributions to these funds are financed fully by the workers, although the state does provide some subsidies.

Under each system, unemployment benefits do not cover the entire period of unemployment. No benefits are paid during the waiting period, or the first two to seven days. Usually the maximum pay period is three to six months and the benefits usually amount to 30-60 percent of wages earned. The worker must make contributions for a certain period of time before he is eligible to receive benefits. To continue being eligible, he must register regularly with the unemployment office (labor exchange) and must actively look for work on his own. The major reasons for disqualification from benefits are discharge for misconduct, participating in a strike, voluntary termination of employment, and refusal of suitable work.

References in periodicals archive ?
2007), 'The spike at benefit exhaustion: leaving the unemployment system or starting a new job', Working Paper, IZA, 2590.
3) The current unemployment system is designed for persons with a permanent attachment to the labor force.
A money-saving alternative to the state unemployment system for 501(c)(3) for profits.
I HOPE my experience of government efforts to update the unemployment system is not typical.
Typically, 12 (million) to 13 million people move through the unemployment system every year,'' Bird said, including the boom year of 2000.
Nonprofits opt out of the state unemployment system and make quarterly contributions to the trust.
NFIB is also seeking the repeal of the estate tax, saving Social Security by creating personal retirement accounts, cutting payroll taxes and returning the by creating personal retirement accounts, cutting payroll taxes and returning the unemployment system to the states.
Under the current unemployment system, once a firm pays the maximum contribution rate, the contribution rate is generally no longer a function of hiring.
He used city funds to have his Mercedes Benz repaired, double-billed the city for a poll, and shifted $6,500 to his unemployed aunt, ostensibly for a study of New York's unemployment system.
He will work hard to continue the reforms in the unemployment system that the department has implemented over the past three years as recommended by both the Blue Ribbon Commission and USDOL.
Attendees will be able to sit in on live demonstrations that will show the latest functionality in Virtual OneStop[R], Virtual LMI, Geographic Solutions Unemployment System (GUS), and Reemployment Exchange (REX), in addition to the optional pre-conference system training.
Speaker DeLeo believes it's important to ease the burden on businesses, which fund our unemployment system, as we struggle to survive these difficult times," said DeLeo spokesman Seth Gitell.