Chile Treasury Dispatched Tender

The Finance Commission approved and dispatched to Sala the bill that temporarily makes access requirements more flexible and increases the amount of unemployment insurance benefits of Law No. 19728 due to the Covid-19 pandemic and perfects the benefits of Law No. 21227 which authorizes access to the benefits of the aforementioned insurance bulletin No. 13624 .The Labor and Finance Ministers attended the request explaining that the fundamental purpose of the text is to temporarily make access requirements more flexible and increase the amount of unemployment insurance benefits. Regarding the text approved by its Labor peer the instance replaced via indication of the Executive- Articles 3 and 4 as they had been dispatched by the Senate.The first of these provides that the benefits paid out of the funds of the Individual Account for Unemployment will be governed by the table included in this text both for work contracts of indefinite duration and for fixed-term contracts or by specific work job or service.In this way it is established that from the second month and until the fifth month of use of the aforementioned insurance the amount that will be paid will correspond to 55 of the average of the salaries earned by the worker in the last three months in which register contributions prior to the end of the employment contract thus raising the percentages established in the preceding rule.Meanwhile article 4 establishes that the benefits paid out of the Solidarity Unemployment Fund of Law No. 19728 during the period of validity of this law will be governed during the months indicated in the following table and until October 31 2020 it will correspond to the percentage indicated in the second column and said benefit will affect the upper and lower values for each month referred to in the third and fourth columns.By means of a supreme decree issued by the Ministry of Finance and signed in addition by the Minister of Labor the parameters that will allow increasing the percentage of the average remuneration of the fifth shift will be established being able to reach an average remuneration of 55 in which In this case the higher value of the benefit must also be set which will increase proportionally until reaching 513038. The parameters to be considered will be among others the health and labor market conditions and the regional realities associated with the impact of the COVID-19 disease.Likewise the beneficiaries who are receiving the fifth drawing from the Solidarity Unemployment Fund will have the right during the validity of this law to a sixth and seventh benefit drawing.The Finance Commission also approved an indication from the Executive to eliminate the final paragraph of Article 9 of the bill approved in the Labor Commission referring to private home workers which states that once resources are exhausted accumulated in the individual compensation account of 4.11 the Solidarity Unemployment Fund will begin to operate under the same percentage conditions as those applied to the beneficiary workers of article 4 of this rule.