A Clare financial advisor believes a new proposal linking the rate of unemployment benefit to a person’s previous earnings is a ‘positive move’.
In a memo going to Cabinet today, new reforms would see high earners who lose their jobs entitled to more than twice the normal social welfare rates.
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This means a worker with five years of PRSI contributions would be entitled to 60 percent of their gross salary – capped at 450 euro per week.
Tommy Corbett of Carey Corbett Financial Solutions in Ennis says it’s only fair that the system take into account the level of tax a person has paid.
Listen to the full interview here:
