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Unemployment allowance for the older unemployed
Labour market subsidy is payable to unemployed jobseekers until the statutory old-age retirement age, but the basic and earnings-related unemployment allowances can usually be paid only for a specific maximum period of time.
Ageing unemployed persons who satisfy the work requirement are eligible for additional days of unemployment allowance and can take advantage of a kind of unemployment path to retirement. The additional days are only available to recipients of unemployment allowance for employees and not for entrepreneurs or self-employed persons.
You are eligible for additional days of basic unemployment allowance if you before reaching the 500-day limit on payment have reached the age of
- 60 years and you were born in 1955 or 1956
- 61 years and you were born between 1957 and 1960
- 62 years and you were born in or after 1961.
You must also have completed at least 5 years of employment during the previous 20 years. The extended payment of basic unemployment allowance will continue at the most until the end of the calendar month in which you reach the age of 65.