Spain
The Spanish unemployment insurance system is part of the Social security system of Spain. Benefits are managed by the State Public Employment Agency (SEPE).The basis for entitlement is having contributed for a minimum period during the time preceding unemployment, with further conditions that may be applicable. The system comprises contributory benefits and non-contributory benefits.
Contributory benefits are payable to those unemployed persons with a minimum of 12 months contributions over a period of 6 years preceding unemployment. The benefit is payable for 1/3 of the contribution period. The benefit amount is 70% of the legal reference salary plus additional amounts for persons with dependants. The benefit reduces to 60% of the reference salary after 6 months. The minimum benefit is 497 euros per month and the maximum is 1087,20 euros per month for a single person. The non-contributory allowance is available to those persons who are no longer entitled to the contributory pension and who do not have income above 75% of the national minimum wage.
Read more about this topic: Unemployment Benefits
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“Heroic ages are not and never were sentimental and those daring conquistadores who conquered entire worlds for their Spain or Portugal received lamentably little thanks from their kings.”
—Stefan Zweig (18811942)