What is the difference between unemployment benefits and unemployment insurance benefits? How are unemployment insurance benefits calculated?

Unemployment insurance benefits mainly provide basic living expenses for unemployed persons, and are a temporary compensation for the unemployed persons' lost wages during the period of unemployment. The purpose of unemployment insurance benefits is to ensure the basic living of unemployed persons. Unemployment insurance benefits are paid from the unemployment insurance fund in accordance with the law. The following mainly introduces the difference between unemployment benefits and unemployment insurance benefits, how to calculate unemployment insurance benefits, etc., which I hope will be helpful to you.

Contents of this article

1. The difference between unemployment benefits and unemployment insurance benefits

2. How to calculate unemployment insurance benefits

3. What are the consequences of receiving unemployment insurance benefits?

The difference between unemployment benefits and unemployment insurance benefits

1. Unemployment benefits generally refer to unemployment insurance benefits. Therefore, there is no difference between unemployment benefits and unemployment insurance benefits.

2. Unemployment insurance benefits refer to the basic living expenses paid by the unemployment insurance agency to eligible unemployed persons in accordance with the law. They are a temporary compensation for the unemployed persons' loss of wage income during the period of unemployment.

3. The purpose of unemployment insurance is to ensure the basic living needs of unemployed persons. Unemployment insurance is paid from the unemployment insurance fund in accordance with the law.

4. According to Article 17 of the Unemployment Insurance Regulations: If the unemployed person’s employer and the unemployed person’s cumulative payment period before unemployment is 1 year or more but less than 5 years, the maximum period for receiving unemployment insurance benefits is 12 months; if the cumulative payment period is 5 years or more but less than 10 years, the maximum period for receiving unemployment insurance benefits is 18 months; if the cumulative payment period is more than 10 years, the maximum period for receiving unemployment insurance benefits is 24 months. If the unemployed person becomes unemployed again after re-employment, the payment period shall be recalculated, and the period for receiving unemployment insurance benefits can be combined with the period for receiving unemployment insurance benefits that should have been received but have not been received during the previous unemployment, but the maximum period shall not exceed 24 months.

How to calculate unemployment insurance benefits

Unemployment insurance benefits mainly provide basic living expenses for the unemployed and are a temporary compensation for the unemployed who lose their wage income during the period of unemployment.

The calculation formula for unemployment insurance benefits is: Unemployment insurance benefits = local monthly unemployment insurance benefit payment standard × unemployment insurance benefit collection period.

The standard for receiving unemployment insurance benefits generally cannot be lower than the local minimum wage standard for that year, but it cannot be higher than the local minimum living standard for urban residents for that year.

As for the period of receiving unemployment insurance benefits, if the accumulated unemployment insurance premiums have been paid for more than 1 year but less than 2 years, the period of receiving unemployment insurance benefits is 2 months; and for every additional year of accumulated unemployment insurance premiums, the period of receiving unemployment insurance benefits can be increased by 2 months. Among them, if the accumulated unemployment insurance premiums have been paid for more than 1 year but less than 5 years, the maximum period of receiving unemployment insurance benefits is 12 months; if the accumulated unemployment insurance premiums have been paid for more than 5 years but less than 10 years, the maximum period is 18 months; if the accumulated unemployment insurance premiums have been paid for more than 10 years, the maximum period is 24 months.

For example, Xiao Hei has paid unemployment insurance premiums for three years, and the unemployment insurance payment standard in his city is 2,000 yuan per month, so the unemployment insurance that Xiao Hei can receive = 2,000×4=8,000 yuan.

What are the consequences of receiving unemployment insurance benefits?

Receiving unemployment insurance benefits will not affect any other welfare benefits. There is no need to worry about the loss of other economic benefits caused by the withdrawal of unemployment insurance benefits. You only need to pay attention to the withdrawal of unemployment insurance benefits and the renewal period after re-employment.

Unemployment insurance refers to the living expenses that the unemployment insurance agency needs to pay to unemployed people who are eligible to receive insurance benefits during the period of unemployment. The condition for receiving unemployment insurance benefits is that the unit must have paid insurance for more than one year. If an unemployed person re-employs after receiving unemployment insurance benefits and then becomes unemployed again, the insurance payment fee will be recalculated.

Legal Basis:

According to Article 45 of the Social Insurance Law, unemployed persons who meet the following conditions may receive unemployment benefits from the unemployment insurance fund: (1) their employer and the unemployed person have paid unemployment insurance premiums for one year before becoming unemployed; (2) their employment has been interrupted not by their own will; (3) they have registered for unemployment and have job-seeking requirements.