In today’s dynamic labor market, the role of unemployment insurance (UI) has become increasingly significant in providing financial security to workers during periods of job loss. Employers are mandated to contribute to these insurance programs, ensuring that employees receive necessary support when facing unemployment. However, failures in these contributions can lead to severe consequences, not […]
What is One-Time Social Insurance? Under Article 3 of the 2014 Social Insurance Law, social insurance (SI) is a mechanism that partially compensates workers for income loss due to illness, maternity, occupational accidents, old age, or death. One-time social insurance benefits allow participants to receive a lump sum payment instead of waiting to qualify for […]