Myanmar to introduce unemployment benefits system in 2021

Myanmar will start an unemployment benefits system in fiscal 2020-21 according to Daw Than Than Nu, director at the Department of Social Welfare under the Ministry of Labor, Immigration and Population. Although unemployment benefits are already stipulated under the 2012 Social Security Law, it has not been enforced. The ministry will commence implementation with help from the International Labor Organization and European Union.

“We have many migrant workers in Myanmar. Townships like Hlaing Tharyar have the highest number of migrant workers. We gave them labour cards but most of them do not hold full time jobs and do not have permanent residences. We are still considering how to manage all this once we start implementation of the unemployment benefits system next year,” she said.Of the six types of insurance stipulated under the 2012 Social Security Law, only health and social insurance and employment injury benefits have so far been enforced. The four other types of insurance that remain to be implemented are family assistance insurance, unemployment benefits, disability insurance, superannuation and survivors’ benefits as well as social security housing assistance.

At present, there are about one million members entitled to social security benefits and about are social welfare members in Yangon Region. According to the law, social security contributions are 5pc – 2pc from the employee’s salary and a 3pc contribution by the employer. 60pc of social security is used for employee healthcare and the remaining 40pc is invested, as enacted in the law. – Translated

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Source : Myanmar Times

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