Subscription to the Unemployment Insurance Scheme starts on Jan.1, fees depend on employee’s basic salary; 3-month cash cushion for terminated staff.
The Decree-Law on Unemployment Insurance Scheme stipulates that the insured will be compensated with a cash amount for a specific period of time if they lose their job until they find another employment opportunity, subject to terms and conditions.
The UAE leadership accords full-frontal priority to the welfare of its people. The UAE’s social welfare programme caters for the needs of widows, divorced women, the differently-abled, the elderly, and orphans among other categories. Now, in a major development, the Ministry of Human Resources and Emiratisation (MoHRE) has
Trump stunned Republicans and Democrats alike when he said this week he was unhappy with the massive bill, which provides $892 billion in badly needed coronavirus relief, including extending special unemployment benefits expiring on Dec.26, and $1.4 trillion for normal
The scheme aims to provide financial security to workers and professionals in the public and private sectors in case of job losses. In the first two days, 86 percent of participants chose to sign up via the website https://www.iloe.ae.
The scheme provides a temporary income for the insured employee at a low premium, in case he loses his job, till he gets a new employment.
The Ministry called on everyone to quickly subscribe to enjoy the insurance benefits it provides them, calling on employers to motivate their employees and encourage them to subscribe to the system
The Ministry said it has provided the option for employers to register their employees in the system, however, "it is the employee’s responsibility to enrol in the system, not the employer’s, who incurs no additional costs.”