When you are unemployed, people can receive several payments for Severance that will help you better face this period.
When losing your job, there are two key items to consider: demand the settlement and regularize health coverage.
The settlement is the legal document by which a worker and his employer put an end to the employment relationship in case of resignation or dismissal.
Regarding health coverage, the person must notify Fonasa or Isapre that they are out of service, depending on their affiliation. Those who are in Isapre and cannot continue paying their plan can join Fonasa.
What are the benefits for unemployed?
The Unemployment Insurance belongs to the Unemployment Fund Administrator (AFC), protects dependent workers with an indefinite, fixed-term, or work or service contract, which are governed by the Labor Code.
AFC affiliates have an Individual Unemployment Account into which the employer contributes, monthly, 3% of the worker’s taxable income.
When the person becomes unemployed, they can withdraw the money accumulated in their Unemployment Insurance through monthly transfers according to the percentage of remuneration.
But, you must meet certain requirements and an application must be made.
You can also collect without settlement.
Solidarity Unemployment Fund
AFC affiliates who do not have resources in their Individual Unemployment Account at the time of losing their job and who have exhausted their Unemployment Insurance funds; they can access the Solidarity Unemployment Fund (FCS), one of the most mentioned Contributions for Unemployed.
To receive it they must: be unemployed, have insufficient resources in their Individual Unemployment Account, have 12 contributions paid in the FCS in the 24 months prior to dismissal and their last three contributions must be continuous and from the same employer.
The contract must have ended due to the expiration of the agreed term, due to the conclusion of the work or service that gave rise to the contract, fortuitous event, force majeure, establishment or service; and they must activate an account in the National Employment Exchange.
It is paid by the Social Security Institute (IPS) or the compensation funds, it forms one of the bonuses for the unemployed.
It allows unemployed workers to receive monthly financial aid, for a maximum period of 360 days, which entitles them to free medical assistance, to receive the Family and/or Maternal Allowance, and the Death Allowance.
It must be requested from the pension institution that corresponds to the subsidized worker (IPS or compensation fund), which will also be in charge of paying it.
Indemnity Savings Account
Workers who are laid off can collect compensation for the termination of the contract that complements or replaces the legal compensation for years of service and the Unemployment Insurance coverage.
This money can be collected in the AFP, presenting the documents that prove the term of the employment contract. This substitute compensation account is personal and totally independent of the individual capitalization account and the voluntary savings account.
National Employment Exchange
People who are unemployed can use the online platform of the National Employment Exchange (BNE) to search for a new job.
Registration to this platform is free and can be done by anyone over 18 years of age.
Being registered with the BNE is a requirement to receive one of the Contributions for Unemployment, the Solidarity Unemployment Fund and thus prove that you are really looking for work and be eligible for payments for Unemployment.