The Unemployment insurance is a branch of Social security in Germany. It serves in particular to provide financial security in the event of unemployment and finances further employment promotion services.
What is unemployment insurance?
The Unemployment insurance is part of the statutory social security system. Under certain conditions, it supports insured persons in the event of unemployment and also includes employment promotion services.
The legal basis can be found in particular in the Third Book of the Social Code (SGB III).
How is Unemployment insurance funded?
The Unemployment insurance is financed in particular through contributions. In the case of compulsory insured employment relationships, the contributions are generally paid by employers and employees.
The social security contribution-subject Remuneration is relevant for the calculation of contributions. In this context, the term also stands gross social security salary.
Connection to the Payroll
Contributions to Unemployment insurance are processed within the framework of the Payroll taken into account as a component of Social security contributions.
The Unemployment insurance is one of several branches of the Social security and is technically distinct from them.
