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Discussion: What is the function of unemployment insurance fund?
Unemployment insurance refers to the basic living expenses paid by unemployment insurance agencies to eligible unemployed people according to law. It is a temporary compensation for the unemployed to lose their wage income during the period of unemployment, and its purpose is to ensure the basic needs of the unemployed. Unemployment insurance is paid from the unemployment insurance fund according to law. If an unemployed person is unemployed again after re-employment during the period of receiving unemployment insurance benefits, the payment time will be recalculated, and the period of receiving unemployment insurance benefits can be combined with the period of unemployment insurance benefits that should have been received but not yet received in the previous unemployment, but the longest period shall not exceed 24 months. Unemployed people who are re-employed less than one year after receiving unemployment insurance benefits may continue to apply for unemployment insurance benefits that they should receive but have not yet received.