economy
Unemployment subsidy in Colombia: how many times you can request it
In Colombia, for those who have lost their work connection, there is a protection mechanism managed through Family Compensation Funds, which remains the key tool to mitigate financial impact.
TL;DR
- The unemployment protection mechanism in Colombia is managed by Family Compensation Funds to mitigate financial impact.
- Benefit amounts are adjusted yearly based on the SMMLV, which is $1,750,905 for this year.
- Workers in categories A and B receive 1.5 SMMLV ($2,626,358) distributed over four decreasing monthly payments.
- The state covers health and pension contributions based on 1 SMMLV for up to six months via FOSFEC.
- The unemployment subsidy can be requested multiple times, but a minimum of three years must pass since the last reception.
- Eligibility requires minimum contribution periods: 12 months for dependent workers and 24 months for independent workers within the last three years.
- Required documentation includes a certificate of labor cessation, EPS certificate, and the application form.