Exciting Changes to Finland’s Unemployment Benefits System
Starting September 2, 2024, Finland is set to roll out significant changes to its eligibility requirements for unemployment benefits. The new rules, approved by the Finnish Parliament, will introduce a new earnings-based work requirement, extending the necessary work period from 6 to 12 months.
New Earnings-Based Work Requirement
Under the updated regulations, eligibility for benefits will be determined by an individual’s monthly earnings, with a minimum earning threshold of €465 per month. This shift from the previous weekly working hours requirement aims to accommodate workers with irregular schedules.
Extended Work Requirement Period
In addition to the change in how work history is calculated, the reform extends the qualifying period to 12 months within a 28-month reference window, providing flexibility for individuals with varying employment patterns.
Transitioning to the New System
A transition plan is in place for individuals already accruing work history, ensuring that past efforts will count towards the extended 12-month requirement.
Implications for the Labor Market
These adjustments aim to streamline unemployment benefits and cater to modern work arrangements, impacting wage-subsidised work and employment-promoting services. As Finland adapts to the changes, both employers and employees will need to understand the updated requirements.
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