Monday, September 25, 2023
HomeInsurance"Red" or "green" period? What would the new unemployment insurance rules,...

“Red” or “green” period? What would the new unemployment insurance rules, which have been in force for the past twenty years, look like?

It’s a kind of “social weather forecast” that the government has just invented. For his new unemployment insurance reform, he envisioned two scenarios, depending on whether the unemployment rate is above or below 9%.

A “red” period, when unemployment is high. The unemployment insurance rules will then be maintained in their current state: the maximum duration of compensation is a maximum of 24 months for unemployed persons under 53 years of age, 30 months for persons aged 53 or 54 years, or 36 months from 55 years of age.

The sequel after the ad

A “green” period, when unemployment is more moderate. New jobseekers then lose part of their rights: the amount of the subsidy does not change, but the maximum duration of the subsidy is reduced by 25%. It therefore rises to 18 months for people under the age of 53, to 22.5 months for the unemployed aged 53 and 54 and to 27 months from the age of 55.

Why a threshold of 9% unemployment for the change of period? The Executive believes that this is the average rate observed over the past twenty years (it is the quarterly unemployment rate, as measured by the International Labor Office, that is taken into account).

The transition from one period to another is not only governed by the 9% unemployment threshold. Here is how the new device would have worked if it had been in use for the last twenty years:

Viewing this multimedia content will probably lead to the depositing of cookies by the operator of the platform to which you will be directed. Given the refusal to deposit cookies that you have expressed, in order to respect your choice, we have blocked the reading of this content. If you wish to continue and read this content, you must give us your consent by clicking the button below.

a-kasse red green

HAVE. Unemployment rate of 9%: transition to red period

The sequel after the ad

B. Third quarter in a row below 9%: back to the green period

vs. Subprime crisis, sudden increase in unemployment of more than 0.8 points in 1 quarter (from 7.7% to 8.6%): transition to a red period

D. Three consecutive quarters below 9%: return to the green period

E. Health crisis, sudden increase in unemployment of more than 0.8 points in 1 quarter (from 7.1% to 9%): transition to red period

Unemployment insurance: heads, job seekers lose, tails, they don’t win



Please enter your comment!
Please enter your name here

Most Popular

%d bloggers like this: