unemployment benefit

(redirected from unemployment compensation)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Acronyms, Wikipedia.
Related to unemployment compensation: Unemployment insurance, Unemployment benefits

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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

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.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
To construct our theory of European unemployment, we add three features to the basic search model outlined above - job termination, human capital/skills, and earnings-dependent unemployment compensation.
States are required to provide specific reemployment services and in-person reemployment and eligibility assessments to individuals establishing a new emergency unemployment compensation Tier 1 or 2 claim on or after March 23, 2012.
Reed Act funds are available, as prescribed by Section 903 of the Social Security Act, for construction and improvement of buildings, rent or lease costs, acquisition of land, payment of salaries and related benefits, maintenance and operation of central and local offices, or payment of unemployment compensation benefits, effective July 1, 2013, through June 30, 2014.
Emergency unemployment compensation benefits are paid out in a series of four tiers.
At press time, the Senate was also reported to be considering a possible separate unemployment compensation bill.
The unemployment compensation program has been deemed to be a welfare program all along, as the U.S.
Categories: May 6, 2010, American Recovery and Reinvestment Act (ARRA), Compensation, Emergency Unemployment Compensation Program, Employment, Employment Security Administration Account (ESAA), Extended Unemployment Compensation Account (EUCA), Federal Unemployment Account (FUA), Federal-State Extended Benefits Program, Federal/state relations, Income maintenance programs, Public assistance programs, Rates, Risk factors, Statistical data, Trust funds, Unemployment compensation programs, Unemployment insurance, Unemployment insurance benefits, Unemployment Insurance Trust Fund, Unemployment rates
A three-page review of "What's New for 2009" leads off the book with news related to first-time homebuyer credit, the required minimum distributions that were waived in 2009, residential energy credits, unemployment compensation, IRA and Roth IRA contributions, and more.
The appeals court also found "persuasive" Harkness v Unemployment Compensation Board, 591 Pa 543, 920 A2d 162 (2007), which used Perto to find that a nonlawyer representative in an unemployment compensation hearing could serve "as an adjunct to the employer (or claimant)" in offering viewpoints, especially where "minimal amounts" are in controversy, nothing is "intended to be intensely litigated," "informal, speedy and low cost...proceedings" are desired, and there is a "long history of participation" by nonlawyer representatives.
Additionally, the bill provides that the Unemployment Compensation Trust Fund may be credited with advances from the Federal Unemployment Compensation Trust Fund to meet the state's unemployment compensation needs and provides authority to repay such advances.
"He expected some job cuts but had not expected it to be so severe," Local 979 President Mark Granakis said, adding that some workers would be eligible for unemployment compensation and supplementary pay from the union.

Full browser ?