Tuesday, February 24, 2009

Unemployment insurance payments might triple in Estonia in 2009

Employees' insurance payments in Estonia in 2009 may grow from 0.6% to 2% of gross salary, LETA reporteed via Eesti Päevaleht. Currently employees must pay 0.6% of their gross salary and employers add 0.3%. In November, the government increased the payments – 1% from employees and 0.5% from employers, the amendment will come to force on July 1.

Meelis Paavel, the chairperson of Unemployment Fund's management board, said that this growth is not enough in current economic situation. "The supervisory board should tell the government there is not enough funds, and the management board proposes the supervisory board to increase payments to maximum or to 2 and 1%, respectively," he said.

news source : http://www.baltic-course.com/

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