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The Official Gazette published the decree that extends to a sixth and seventh line the benefits and benefits related to the solidarity unemployment fund and the Employment Protection Law.
Given this, the Undersecretary of Labor, Fernando Arab explained that “with this decree the government’s commitment to extend the transfers of unemployment insurance charged to the solidarity fund is fulfilled by adding a sixth and seventh transfer” which, according to detailed “will allow the people who access it have more options in these complex times ”.
In addition to extending the benefits of this social program for two more months, the law sets the minimum floor of the replacement rate for the sixth and seventh transfers at 45%, and at 55% from the second to the fifth payment.. In any case, the retroactive effect from the first of August is incorporated.
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Moving forward, and once this period of extension of the law has ended, the regulation also gives the possibility of extending the temporary improvements incorporated in the LPE and SC for up to 5 additional months. In any case, this would be done via a supreme decree issued by the Ministries of Labor and Finance and if the health and employment conditions warrant it.
Another axis of this law, points to the flexibility of the requirements to access Unemployment Insurance, either through the Individual Unemployment Account (CIC) or the Solidarity Unemployment Fund (FCS), for both cases, what is done is that The requirements for the regimes (CIC and FCS) and for all contracts are equalized, being able then to access the benefit with: 3 continuous quotes prior to the end of the contract; or 6 quotes, continuous or discontinuous, in the last 12 months prior to the month of termination of the contract, as long as the last 2 continuous contributions are with the same employer.
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