AI Summary of 68F. Rate of jobseeker’s benefit (self-employed) relating to certain average reckonable weekly earnings and certain periods
This Act delineates the weekly rates of jobseeker's benefit for self-employed individuals based on their average reckonable weekly income, classified as follows: €109.50 for those within the lower income bracket, €157.30 for the mid-range, and €191.10 for higher earners.
However, the Act also specifies a reduction in these rates for individuals referred to specific subsections, resulting in adjusted weekly benefits of €69.10, €99.30, and €120.60, respectively. It is crucial for compliance professionals to stay abreast of these provisions to ensure adherence to regulatory standards and to guide affected stakeholders accordingly.
68F. Rate of jobseeker’s benefit (self-employed) relating to certain average reckonable weekly earnings and certain periods
(1) Subject to this Act, in the case of -
(a) a person with average reckonable weekly income specified in section 68D(4)(a), the weekly rate of jobseeker’s benefit (self-employed) shall be €114.00,
(b) a person with average reckonable weekly income specified in section 68D(4)(b), the weekly rate of jobseeker’s benefit (self-employed) shall be €163.70, and
(c) a person with average reckonable weekly income specified in section 68D(4)(c), the weekly rate of jobseeker’s benefit (self-employed) shall be €198.90.
(2) Subject to this Act, notwithstanding subsection (1), in the case of a person to whom subsection (2) or (5) of section 68I or subsection (1) or (3) of section 68J refers, the weekly rate of jobseeker’s benefit (self-employed) shall be reduced and accordingly -
(a) in the case of a person referred to in subsection (1)(a), the weekly rate shall be €73.60,
(b) in the case of a person referred to in subsection (1)(b), the weekly rate shall be €105.70, and