Cyprus: Payment of a Special Unemployment Benefit

Submitted by cambrosio on Wed, 04/15/2020 - 12:57
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pio.gov.cy (16.03.2020) Payment of a Special Unemployment Benefit:

  • For employees who qualify for unemployment benefit under the Social Insurance Law, at 60% of the value of the insurance units, in accordance with the above legislation.
  • For employees who are not eligible under the Social Insurance Law and are insured with the Social Security Fund in January 2020 will be paid a Conditional Benefit, the amount of which will be determined by a subsequent decision.
  • The maximum amount that may be paid as a Special Unemployment Benefit for a period of one month may not exceed € 1,214.
  • The Special Unemployment Benefit is not paid for any period during which the employee receives unemployment benefit, Special Sick Leave Allowance, Sick Leave Allowance, Special Leave of Absence Allowance or other similar benefits from the Social Security Fund.
measures summary
  • For employees who qualify for unemployment benefit under the Social Insurance Law, at 60% of the value of the insurance units, in accordance with the above legislation.
  • For employees who are not eligible under the Social Insurance Law and are insured with the Social Security Fund in January 2020 will be paid a Conditional Benefit, the amount of which will be determined by a subsequent decision.
  • The maximum amount that may be paid as a Special Unemployment Benefit for a period of one month may not exceed € 1,214.
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