23 ° C
Breaking News

29 Covid cases 16 May, 6 hospitalised - 3 res, 45 home monitored, 11,922 recoveries, 57 deaths, 207 incidence rate, 71.7% vaccinated

CTTR scheme extended, under new conditions

CTTR scheme extended, under new conditions

By Stephanie Horsman - July 20, 2021

Reinforced Temporary Total Unemployment has been extended in the Principality until 30th September to assist in recovery during the summer season.

Reinforced Temporary Total Unemployment (CTTR), the exceptional situation which allows employers to temporarily suspend or reduce activity with pay in emergency situations such as the health crisis, has been extended for a few weeks, the government announced on Monday.

During this period, the normal rules have been slightly modified. Companies included in Annex A must now justify a 20% loss of turnover compared to 2019. This differs from the previous set up which exempted these companies from justification. Companies in the Annex B category will have to justify a 30% loss of revenue during the same period. 

Additionally, for the months of August and September, the remainder payable by the employer increases from 20% to 30%. Those businesses that have been forced to shut completely through government decisions are subject to a 20% remainder charge.

CTTR covers employees of at least three months and employees on fixed-term contracts over three months, including apprentices and interns. Workers on sick leave, those who work full-time from home, temporary workers, casual staff and variable-hours employees are not covered. Workers who receive a daily stipend for looking after children at home are also banned from receiving CTTR.



Photo by Ibrahim Boran on Unsplash




Sign up to our newsletter
Previous articleDo I use Monaco Safe Pass or EU health pass?
Next articleFree use of public spaces to continue


May 20, 2022 | Business & Finance

When the astronaut met the movie star

Cassandra Tanti

Monaco’s Shibuya Productions invited a special guest to the premier screening of Top Gun: Maverick at Cannes, fulfilling French astronaut Thomas Pesquet’s lifelong dream of meeting his film hero Tom Cruise.

Stephanie Horsman

The Monaco government has put out an olive branch to French taxi drivers, relaxing summertime quotas in an effort to stave off a protest which threatens to disrupt the Monaco Grand Prix.

May 19, 2022 | Business & Finance

Club Suisse welcomes German politician

Stephanie Horsman

The Club Suisse de Monaco recently invited former German government minister Julia Klöckner to speak on a variety of topics, including the effects of rising inflation in the EU.

Stephanie Horsman

Monaco welcomed four new Ambassadors to town this week, given a warm reception by first the Prince, then by the Minister for External Relations and Cooperation, who treated them to lunch.