Re:Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
by varjag on Wednesday April 20, 2016 @09:16AM
(#11534102)
There's nothing particularly Swiss about it, similar schemes exist throughout Northern Europe.
In Norway you can get 1-2 years benefits at about 60% your previous annual income with a cap near median national income.
Re:Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
by tostitos1979 on Wednesday April 20, 2016 @09:45AM
(#11534305)
These are nice schemes but the caps are worrisome. Modern professionals in North America pile on so much debt (student loans of a few 100K, mortgage debt of a lot more, etc.) that the countries average income doesn't reflect reality. In the Bay area, I hear laments from people making 200K that they cannot make ends meet. It is a crazy world.
Re:Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
by varjag on Wednesday April 20, 2016 @10:29AM
(#11534612)
You can have your student debt repayments frozen here while unemployed, at the national bank's rate. Plenty of people with high mortgages too, but duh. We aren't living in a perfect world.
What Swiss specifically have - we all pay social deductions, within 3 pillars. If you end up unemployed, then you are entitled to 1-2 years of unemployment benefits in 70% of your former income, with some reasonable cap. That is if you worked 100%, in perm contract, at least a year in a row. Otherwise not entitled or payments are much lower.
You have to actively search daily for new job and prove it to your unemployment councilor, otherwise they will cut benefits. Those benefits are really structured in a way to pay you while you are looking for a job, not to have some extra long holidays on everybody's else budget.
Motivating setup, and since there is a social net of that 70% of my income, I am not frightened on the prospect of losing job and needing to store enough cash to live at least X months/years without any income. Handy when one has big fresh loan on his shoulders.