Maximum unemployment benefits in 2024, everyone should know

Article 50 of the Law on Employment stipulates that the monthly unemployment benefit is equal to 60% of the average monthly salary for unemployment insurance contributions of the 6 consecutive months before unemployment, but not exceeding 5 times the basic salary for employees subject to the salary regime prescribed by the State or not exceeding 5 times the regional minimum wage as prescribed by the Labor Code for employees paying unemployment insurance according to the salary regime decided by the employer at the time of termination of the labor contract or employment contract.

The period of unemployment benefits is calculated based on the number of months of unemployment insurance contributions. For every 12 months of contributions up to 36 months, you will receive 3 months of unemployment benefits. After that, for every additional 12 months of contributions, you will receive 1 more month of unemployment benefits, but not exceeding 12 months.

The time for receiving unemployment benefits is calculated from the 16th day from the date of submitting a complete application for unemployment benefits as prescribed in Clause 1, Article 46 of this Law.

Thus, the monthly unemployment benefit is calculated at 60% of the average monthly salary for unemployment insurance contributions of the 6 consecutive months prior to unemployment.

The maximum unemployment benefit shall not exceed 5 times the basic salary for employees subject to the salary regime prescribed by the State or not exceed 5 times the regional minimum wage as prescribed by the Labor Code for employees paying unemployment insurance under the salary regime decided by the employer at the time of termination of the labor contract or employment contract.

Minh Hoa (t/h)

Source: https://www.nguoiduatin.vn/muc-huong-tro-cap-that-nghiep-toi-da-nam-2024-ai-cung-nen-biet-a650947.html