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Unemployment benefit at €100m

08/02/2012 13:20
Pension funds were burdened with a cost of €98.4 million last year for the unemployment benefits, since the unemployment index has risen to unprecedented levels.

According to latest Social Insurance data, the amount paid for the unemployment benefit recorded an annual increase of 14.7% to €98.4 million against €85.8 million in 2010.

In December 2011, spending on unemployment benefit stood at €7 million against €8.2 million in November and €4.8 million in December 2010.

As for the number of persons who asked for unemployment benefit, they amounted to 22.6 thousand against 20 thousand in 2010.

The benefit is granted from the accounts of Social Insurance consolidated with those of the government.