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1) Employment Encouragement Package
- Social security premiums payable by employer (based on minimum salary) for newly employed women and unemployed* people between ages of 18 and 29 will be paid by the Unemployment Insurance Fund for a 5-year period. The Unemployment Insurance Fund will pay 100% of social security payments for the 1st year, 80% for the 2nd, 60% for the 3rd, 40% for the 4th, and 20% for the 5th year.
- The Treasury will cover 5 points of the insured person's disability, old age, and death insurance premiums payable by the employer.
*The person to be employed needs to have been unemployed for, at least, the last six months. The person to be employed should be recruited within a period of two years as of July 1st, 2008 (unless the effective period for this article is extended, it will be effective up to July 1st, 2010).
2) New incentives for additional employment
- The Treasury will compensate social security premiums payable by the employer, based on a minimum salary, for a period of 6 months. The application period will expire in July 2010 and the Council of Ministers have the authorisation to extend the application period by up to 6 months.
- Premium contribution support is applicable to every new employee hired in addition to the number of personnel as of April 2009.