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Withdrawals from the Unemployment Insurance Fund due to reduction in income is limited to the amount saved

Decree 488 of March 27 established that workers who had their income reduced due to the Covid-19 pandemic may make monthly withdrawals from the Public Unemployment Insurance Fund equal to the amount of the reduction in income. The Ministry of Labor additionally stated that workers who fulfill all requirements cannot be denied this benefit and it will remain in force until the health emergency is over.

Lastly, the Superintendence of Finances indicated that the monthly withdrawal amount cannot exceed the amount of the reduction in income, certified by the employer, and will be limited to the available funds in worker’s Public Unemployment Insurance Fund account.

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