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 ?
In a statement, the ETUF said unemployment benefits are the responsibility of the government, which is constitutionally compelled to protect workers.
The various tiers and the frequent extensions of funding for unemployment benefits has created different "cohorts" of individuals who receive EUC benefits that were authorized by different pieces of legislation.
The Labor Department said Thursday that the number of people applying for unemployment benefits dropped 13,000 to a seasonally adjusted 403,000 in the week ending April 16.
5 million USD) of unemployment benefit from the fund in May 2010.
That using pension as collateral makes sense was also confirmed by Yun (2002) for Korea, another country with a modest unemployment benefit system.
The number of new claims for unemployment benefits in the United States fell more than expected in the past week, government figures show, fuelling hopes that the worst of the recession is over.
In May the number of unemployment benefit applicants totaled 88,688, which jumped to 134,578 in June and then shrank to 110,000 in July.
The Unemployment Insurance Appeal Board (Board) ruled that Oliver was disqualified from entitlement to unemployment benefits because she terminated her employment without cause.
WASHINGTON - More than 83,000 out-of-work residents in the Los Angeles-Long Beach area will lose their unemployment benefits by June without congressional action, according to a new report Wednesday by the region's House Democrats.
In November 2001, the two working groups established to come up with proposals for reform of pensions and the unemployment benefit systems submitted their proposals to the government (Working groups on reform of pension and unemployment benefits, 2001; Ministry of Finance, 2001c).
The second is the rule of unemployment benefit indexation.
The number of people claiming unemployment benefit in Birmingham fell last month for the first time this year, bringing the rate down to 8.

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