Unemployment benefit (UB)
Unemployment benefits provide insured people with an adequate replacement for any loss of income they incur.
The benefits are paid out by the responsible unemployment insurance fund directly to the person concerned.
Who is insured?
People who are in employment (employee) are usually obliged to make UB contributions and are therefore also insured against the financial consequences of unemployment. Employers deduct the UB contributions directly from the salary and pay them to the OASI compensation fund.
The law also stipulates that people who do not make contributions can nevertheless still be insured under certain circumstances (“people exempt from fulfilling the contribution period”).
Under the OASI law, self-employed people are not obliged to make contributions and are therefore not insured!
Duration of insurance cover
In principle, the insurance cover is tied to being gainfully employed (exception: exemption from fulfilling the contribution period).
Start of insurance cover: following conclusion of compulsory education at the earliest.
End of insurance cover: upon reaching OASI retirement age/early drawing of OASI pension.
The Unemployment Insurance Act recognises the principle of a two-year period. If the conditions for entitlement are met, this period begins. As a rule, the entitlements determined at the start of the period apply for this period.
In the event of an employer becoming insolvent, insolvency compensation covers lost earnings for a maximum of four months. Insolvency compensation is only paid for work that has been carried out. [More information]
You can obtain more information on this at any time from the unemployment insurance funds and the regional employment centres.