If you find yourself unemployed in Chile, there are several economic benefits designed to support you while you look for new job opportunities. These bonds They are available year-round and can ease the financial burden during difficult times.
One of the benefits available to people in unemployment is the Severance Pay Subsidy, which is administered by the Social Security Institute (IPS) or the compensation funds. This subsidy provides financial support for up to 360 days. The amount delivered is determined annually, and the procedure can be carried out at any time of the year at the corresponding social security institution. It is important to comply with the requirements detailed on the ChileAtiende platform to access this subsidy.
Another available resource is the AFC Unemployment Insurance, which is aimed at those who are affiliated with the Unemployment Fund Administrator (AFC) and have an Individual Unemployment Account (CIC). To apply for this insurance, it is necessary to demonstrate that the situation of unemployment and meet a minimum number of contributions, which can vary between 5 and 10, depending on the type of contract you have had. This insurance can be requested online through the AFC virtual branch, using your RUT and AFC Key or Unique Key.
In addition, there is the Solidarity Severance Fund (FCS), which is intended for those who, after losing their job, do not have sufficient funds in their individual unemployment insurance account. This bond provides benefits based on minimum and maximum amounts established by law. To access this fund, it is necessary to have at least 10 paid contributions, with the last 3 coming from the same employer. It is also a requirement to be registered in the National Employment Exchange.
Finally, there is the Compensation for termination of employment contract, which can replace or complement the compensation for years of service. This agreement is established with the employer after having worked for seven years in the same company, allowing that, in case of unemploymentyou can access previously agreed compensation that offers you greater financial security.
