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Unemployment Insurance Act, 2001 (Act No. 63 of 2001)

Schedules

Schedule 3 : Scale of Contributor's entitlement to Benefits

 

(Section 12(2))

 

(1) Table One is the scale of benefits to which a contributor may be entitled. A contributor’s monthly rate of remuneration is set out in column 1. The percentage of the contributor’s monthly income that will be paid as a benefit is set out in column 2. The actual benefit payable in Rand terms is set out in column 3.

 

(2) Benefits below the transitional income level are earnings-related and fall as a proportion of income as income rises.

 

(3) Contributors and employers of contributors earning above the income threshold of R97 188 per annum shall contribute 1 % of the threshold and such income contributors shall receive benefits payable at this threshold level.

 

Tables to illustrate benefits at various earnings levels

 

Based on a transition income of R97 188 per annum

 

The various amounts on these tables are calculated in terms of the equation in Schedule 2

 

IRR = Income replacement rate

 

Approximate benefits payable on monthly basis

 

 

Income

IRR   =

UI Benefit

150.00

58.64

87.96

300.00

57.39

172.17

500.00

55.88

279.41

700.00

54.53

381.69

1 000.00

52.74

527.35

1 500.00

50.25

753.79

2 000.00

48.24

964.87

3 000.00

45.19

1 355.74

3 075.57

45.00

1 384.01

4 000.00

42.98

1 719.30

5 000.00

41.31

2 065.49

6 000.00

40.00

2 399.95

7 410.00

38.57

2 857.99

8 099.00

38.00

3 077.62

10 000.00

30.78

3 077.62

 

 

Approximate benefits payable on weekly basis

 

 

Income

IRR   =

UI Benefit

34.62

58.64

20.30

69.23

57.39

39.73

115.38

55.88

64.48

161.54

54.53

88.08

230.77

52.74

121.70

346.15

50.25

173.95

461.54

48.24

222.66

692.3 1

45.19

312.86

709.75

45.00

319.39

923.08        

42.98

396.76

1 153.85

41.31

476.65

1 384.62

40.00

553.83

1 710.00

38.57

659.54

1 869.00

38.00

710.22

2 307.69

30.78

710.22

 

Approximate benefits payable on daily basis

 

Income

IRR   =

UI Benefit

4.93

58.64

2.89

9.86

57.39

5.66

16.44

55.88

9.19

23.01

54.53

12.55

32.88

52.74

17.34

49.32

50.25

24.78

65.75

48.24

31.72

98.63

45.19

44.57

101.11

45.00

45.50

131.51

42.98

56.52

164.38

41.31

67.91

197.26

40.00

78.90

243.62

38.57

93.96

266.27

38.00

101.18

328.77

30.78

101.18

 

 

The UI benefits payable in the tables will be paid for the duration of benefit days that have been accrued by a contributor.