[Malta] Unemployment benefit will be linked to applicants’ former salaries

The Maltese government intends to reform unemployment benefits in a way which gives more dignity to unemployed people without discouraging them from looking for a job. The benefit will be linked to the salary applicants previously had, Times of Malta reports.

Finance Minister Clyde Caruana made the announcement in his October 30 Budget speech.

The unemployment benefit for the first six weeks of unemployment will reportedly be 60 per cent of the salary or income which an individual would have had in their last occupation. In the 10 weeks following that, the unemployment benefit would be 55 per cent, dropping to 50 per cent for the next 10 weeks.

The lowest unemployment benefit will be based on the national minimum wage while the maximum will be 175 per cent of the national minimum wage. Mr Caruana said this would bring Malta in line with international standards. 

In his speech, the minister also announced improvements to the In-Work Benefit for eligible working parents with an increase of €50 per child.

Source: Times of Malta

The Maltese government intends to reform unemployment benefits in a way which gives more dignity to unemployed people without discouraging them from looking for a job. The benefit will be linked to the salary applicants previously had, Times of Malta reports.

Finance Minister Clyde Caruana made the announcement in his October 30 Budget speech.

The unemployment benefit for the first six weeks of unemployment will reportedly be 60 per cent of the salary or income which an individual would have had in their last occupation. In the 10 weeks following that, the unemployment benefit would be 55 per cent, dropping to 50 per cent for the next 10 weeks.

The lowest unemployment benefit will be based on the national minimum wage while the maximum will be 175 per cent of the national minimum wage. Mr Caruana said this would bring Malta in line with international standards. 

In his speech, the minister also announced improvements to the In-Work Benefit for eligible working parents with an increase of €50 per child.

Source: Times of Malta