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Covid-19 unemployment support payments to be increased to €350
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The Government is to increase the Covid-19 Pandemic Unemployment Support payment for people who have been laid-off due to the virus from €203 to €350.
The payment will also apply to the self-employed affected by the virus. The Cabinet has also approved an emergency wage subsidy scheme under which the Government will pay 70% of a worker's salary up to a cap of €410 per week net - equivalent to the after tax income of a worker on around €40,000.
The scheme will initially run for 12 weeks, and employers will be free to top-up the Government's element of the salary. The scheme is targeted at companies hit by the collapse of economic activity triggered by Covid-19 - and employers seeking to avail of it would have to demonstrate a reduction in
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COVID-19
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