Arbeitslosenversicherung
Those eligible for unemployment benefits receive them in two ways. A basic daily allowance of about 25 € goes to any person looking for employment. This allowance was means-tested, and the income of a spouse could disqualify a potential beneficiary. The allowance lasts as long as the recipient is unemployed. Those unemployed who are members of an unemployment fund (about 80 percent of Finns are) and who have worked for at least 26 weeks in the preceding 2 years are eligible for more substantial benefits amounting to the daily basic allowance plus 45 percent of the difference between their daily wage and the basic allowance. After 100 days the payment is reduced by 20 percent. Beneficiaries of the income-related allowance could receive it for 500 days in a four-year period. Workers in their late fifties and older who had been unable to find work can be granted an unemployment pension equal to a disability pension until they reached the age when they would be eligible for an old-age pension. Unemployment benefits are administered by the Social Security Institute. The basic allowance is completely financed by the state. Employers and the state fund equal shares of 95 percent of the income-related payments and the beneficiary is responsible for the remaining five percent.