It is a social insurance program that covers end-of-service risks for reasons beyond the insured's control. It provides the beneficiary with a temporary income relief during the period of seeking alternative job opportunity.
Calculation Equation | Maximum duration of disbursement* | Minimum (monthly) |
---|---|---|
60% × average wages for the last two years | 6 Continuous or intermittent months | OR115 |
*The Job Security Insurance Branch shall pay the required contributions to Old Age, Disability and Death Insurance Branch for the monthly allowance. The period shall be counted as a period of service.
Claim* | Required service duration (months) | The length of service falls within (months) |
---|---|---|
First | (12) twelve | (36) Thirty-six |
Second | (18) eighteen | (42) Forty-two |
Third | (24) Twenty-four | (48) Forty-eight |
Fourth and beyond | (36) Thirty-six | (60) Sixty |
* When the allowance is paid for 6 (six) consecutive or intermittent months, the claim for the allowance is considered a new claim.
You need to access the personal account in the Social Protection Fund and apply for the allowance on the date that the Fund will announce.
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