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Belarus may adopt market model of unemployment insurance

The market model of unemployment insurance may be introduced in Belarus. The proposal comes from the Ministry of Labour and Social Security. Thus, people who lose their jobs will be able to count on a high allowance during the first six months.

Payouts are supposed to equal 60% of the average salary at the last job the person had.

 Министерство труда и соцзащиты предлагает ввести Беларуси рыночную модель страхования от безработницы

Proposals are being considered by the government.

If the initiative is approved, the unemployment insurance will be mandatory.

However, it will be possible to receive benefits only if the person registers with the employment service.

Belarus may adopt market model of unemployment insurance