Notification on Law on Unemployment Insurance

13:02 - 17.09.2018


September 17, Fineko/abc.az. In compliance with the Law on Unemployment Insurance, which entered into force on 1 January 2018, the insured persons whose employment relations were terminated as a result of the liquidation of a state body or legal entity, or as a result of the reduction in the number of employees and staff places, and registered in employment centers as the unemployed, have the right to receive unemployment insurance payments.
Under the Law, depending on the length of insurance, insurance payments are calculated on the basis of the application of the following interest rates to the lost average monthly salary of a citizen:

- if the insurance period is from 3 to 5 years - 50%;
- if the insurance period is from 5 to 10 years - 55%;
- if the insurance experience exceeds 10 years - 60%.

Taking into account the above-said, you are advised to contact the district (city) employment center where you are registered to use your right to receive insurance benefits.

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