I met a German lady who is married to a Singaporeans and has lived in Singapore for 35 years. We talked about the unemployment insurance system in Germany.
She explained that it is a good system. It helps to take care of most people who are unemployed through no fault of their own. She quoted the example of the loss of manufacturing jobs in her home town due to global competition. The workers did not want to be unemployed, but they were the victims of global forces beyond their control.
She said that the abuses are small, maybe 1% or 2%. Most of the unemployed people are keen to look for other suitable jobs. They want to work, rather than to live off the system. They have to look for work actively and will be lose their unemployment benefit if they refuse to take up suitable jobs.
The unemployment benefits are funded by the people who have work. If there is higher unemployment, all those who are working have to pay higher premiums for the insurance. This is an equitable and compassionate system that gives dignity to honest workers who are caught by events beyond their control.
Our Singapore leaders exaggerate the abuse of the welfare system, and develop convoluted systems to deal with them. Look at our convoluted workfare income supplement. Most people cannot understand how it works. They have to refer to a booklet and to ask for explanations to know what they are entitled, and the amount of benefits are so small.
Tan Kin Lian
- ► 2013 (313)
- ► 2012 (1270)
02/20 - 02/27
- Family Life Challenge
- Excessive behavior and profit
- Risk Management for Young People
- Expensive medical bill
- Stay with Medishield
- How to develop a good customer support system
- Customer Support - how to develop a good system
- Excellent customer support - Dropbox
- Arab unrest: 5 eyewitnesses to history (from CNN)
- Election secrecy
- Life in Singapore - Utopia or Dystopia
- Logic Box
- Chee Soon Juan speaks on the Reform Party issue
- This election, your life, your promise
- Financial Planning Talk by Tan Kin Lian
- SDP Anniversary Dinner, 2011
- New FISCA website
- Consumer financial issues
- Policy of give and take
- Higher rentals for food stalls
- Poor feeder service
- Donation to FISCA
- HK Government issues inflation linked bonds
- What values characterize Singapore?
- Perspective of a financial adviser in Europe
- A simple will
- Bus lanes pose accident hazard
- Finding a lawyer
- Talk on Financial Planning
- Family Life Challenge
- Excellent signage
- Traffic Congestion
- Locate your car
- Travel by bus or MRT
- Highway construction and corruption
- $8 heart bypass surgery
- Sorry tale of local professors in Singapore
- More money than your neighbours
- How to get a higher yield
- Revolution in the Middle East
- Financial Plan - revised format
- Wine Investment - complaint about cheating
- Family Life Challenge (win book prizes worth $20)
- Traditional Chinese Medicine - reply to Dr. Colin ...
- Use Google Map to get directions
- Budget 2011 - 73% are disappointed
- Soft launch of "Get Value from your Life Insurance...
- The future of Singapore - a view from a young Sing...
- Talk on Sudoku and Puzzles
- Singapore - before and after 1985
- Unemployment insurance in Germany
- Canada has a better health care system
- Doctors on house calls
- New approach to health care
- Treat people equally
- From Dictatorship to Democracy
- TOTO and GINI coefficient
- Budget 2011 - some views of the people
- ▼ 02/20 - 02/27 (58)
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