The Federal Cabinet has just approved a reform to the parental benefits (Elterngeld) in Germany. The changes affect parents with high incomes, parents who work part-time while receiving parental benefits and parents of children born too early. The new regulations are to come into force in 2021. The Bundestag and Bundesrat still have to agree though!
The cabinet also initiated an extension of the short-time work allowance (Kurzarbeit) in the Corona crisis. In the future, up to 24 months of salary compensation will be paid instead of the previous 12 months. Normally, Kurzarbeit workers receive only 60% of their last net salary, while parents with children receive 67%. These salaries will increase in two stages as the period of time increases. The maximum rate of 80% or, with children, 87% is due for all those who are on Kurzarbeit work for 7 months or longer. You can find here more details about Parental Benefits (Elterngeld & Elterngeldplus). Source: tagesschau.de CategoriesAll Family Finance SELF DEVELOPMENT SHOPPING Archives October 2020 Related ArticlesComments are closed.
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