Arbeitslosenversicherung, literally translated as “unemployment insurance” in English, is a form of social security in Germany that provides financial support to individuals who have lost their jobs.
What is “Arbeitslosenversicherung”?
Arbeitslosenversicherung is a mandatory insurance for employees in Germany, which provides unemployment benefits if they lose their job. The insurance is funded by contributions from both the employer and the employee, typically amounting to 1.3% of the employee’s salary each month[2]. This system ensures that individuals who are out of work receive a reasonable compensation for their loss of income, helping them to cover living expenses while they search for new employment[3].
More information about “Arbeitslosenversicherung”
The benefits provided by Arbeitslosenversicherung include not only financial support but also services such as career and job market advice, benefits for occupational integration, and professional development services[4]. To be eligible for these benefits, employees must have paid into the system for at least 12 months within the past 30 months and must be actively seeking employment[11].
Related to “Arbeitslosenversicherung”
Here are some additional terms that are related to Arbeitslosenversicherung:
- Arbeitslosengeld IALG I, short for "Arbeitslosengeld I," translates to "Unemployment Benefit I" in English. It is a form of financial support... More (ALG IALG I, short for "Arbeitslosengeld I," translates to "Unemployment Benefit I" in English. It is a form of financial support... More): Financial assistance from the state for those who have lost their job and have previously paid into the unemployment insurance[6].
- Agentur für ArbeitThe "Agentur für Arbeit" translates to "Employment Agency" in English. It plays a crucial role in the German labor market,... More: The local employment agency responsible for administering unemployment benefits and providing job-seeking services[7].
- Sozialversicherung: The social insurance system in Germany, which includes health, accident, pension, unemployment, and long-term care insurance[4].
- BürgergeldBürgergeld, literally translated as "Citizen's Money," is a social welfare benefit in Germany designed to support individuals and their dependents... More: A social security benefit that replaced Hartz IVALG II, short for "Arbeitslosengeld II" and also known as Hartz IV, is a form of welfare assistance in Germany.... More, providing basic subsistence for those who do not qualify for unemployment benefits[10].
Arbeitslosenversicherung is a key component of Germany’s social security system, offering a safety net for those in between jobs.