Unemployment Benefits
This page was last updated on:
2025-01-20
Unemployment Benefits
In accordance with the Pension Act, Workers who are unemployed for more than 3 months may withdraw a portion of their individual account balances (only their own contributions) prior to reaching the minimum retirement age. Permission for early payment of benefits is granted under specified conditions.
For more information, refer to the section on severance pay. Apart from that, no provisions on a scheme for unemployment benefits could be identified within the law.
Source: §88 of the Pension Act 2023, (No. 6 of 2023)
