Membership of the unemployment fund provides insurance in case you become unemployed.
Members of Professionals of Business and Technology usually join the Unemployment fund for highly educated KOKO at the same time when joining the union. To be able to join the fund requires being employed. If you did not join the fund when you first joined Professionals of Business and Technology, you can also apply at a later date.
If you become unemployed, the fund pays out a so called earnings-related unemployment allowance. The amount is determined based on your earnings over the qualifying working weeks.
To qualify for the allowance, you must be in employment for a minimum of 26 calendar weeks during your membership of the unemployment fund. Employment does not have to be consecutive weeks; in other words, it can be the cumulative total of several shorter employment relationships or part-time work. Qualifying weeks are calendar weeks during which you have worked at least 18 hours per week after the start date of your membership of the unemployment fund.
The wages must be paid according to the applicable collective agreement or, if no collective agreement applies, the full-time pay equivalent must be a minimum of EUR 1.252 €/month (in 2021).
Student members who are in employment can also join the unemployment fund as Black level student members. Students who are in unpaid internships cannot join the fund.
KOKO fund is an unemployment fund for employees. Self-employed members can join the AYT Unemployment Fund for Entrepreneurs and the Self-Employed. If you have any questions about unemployment security, please contact our employment advisers.
Unemployment security counseling:
tel. 020 155 8800