13 ° C
Heavy Rain Showers
Breaking News

9 new Covid cases on 3 Dec. brings total to 630: 5 hospitalised, 3 resident + 3 in ICU, 2 resident, 24 home monitored, 579 recoveries, 3 deaths

Emergency unemployment benefits extended

Emergency unemployment benefits extended

By Stephanie Horsman - October 8, 2020

The Monegasque government has announced it will be extending Reinforced Total Temporary Unemployment (CTTR) pay-outs until next spring in an effort to ease financial concers through the winter season.

Following up on the announcement made by the Minister of State, Pierre Dartout, at Tuesday’s National Council meeting, Didier Gamerdinger, Minister of Health and Social Affairs, spoke to the press on Wednesday about the government decision to extend CTTR benefits until 31st March 2021.

“The extension of the Reinforced Total Temporary Unemployment until next spring is a strong gesture which has been budgeted at €9 million per month,” said Mr. Gamerdinger. “It meets the expectations of many professionals who fear a rebound in difficulties at the end of the marked summer season, including the cancellation of several major events in September-October.”

The news is a relief for those who have suffered severe downturns in income since the onset of the Covid pandemic. Whilst it covers a vast number of occupations, there are strings attached for some metiers.

Pascale Pallanca, Director of Labour, clarified the terms of the system, stating, “For all activities strongly impacted by the crisis – events, culture, leisure, sport, travel agencies, hotels, restaurants, local shops, transport, nightclubs, etc., no proof will be required. For activities impacted by ricochet, such as wholesale trade, printing or consulting and management companies, it will be necessary to justify a decline of at least 30% of turnover.”

On a similar note, Mr Gamerdinger went on to say that, “Since the CTTR is considered to be support for the return to work, it must be continued in order to continue to benefit from it. Finally, in the event of the implementation of a social plan, the company will be subject to a penalty in obtaining the CTTR, namely that the remainder of wages by the company will increase from 20 to 30 per cent.”


Photo: Communication Department © Michael Alesi




Previous articleE-Rally shifts focus for 2020
Next articlePhotos: Princess Charlene delights kids in Georgia


December 3, 2020 | Business & Finance

Grimaldi Forum inaugurates new terrace

Stephanie Horsman

The Grimaldi Forum has inaugurated its new Ravel Terrace, giving extra room to visitors in a beautiful open air setting and sea views that can’t be beat.

November 30, 2020 | Business & Finance

Boosting remote opportunities for Italian workers

Cassandra Tanti

Remote working for cross-border employees was the hot topic of discussion between the Monaco government and Italy’s new Ambassador in Monaco Giulio Alaimo this week.

November 30, 2020 | Business & Finance

Green light to chase casino debt

Stephanie Horsman

The National Council has passed a long-awaited bill allowing the SBM to chase bad debts incurred at its casinos – a move which could already put millions back into its coffers.

November 29, 2020 | Business & Finance

Monaco welcomes new ambassadors

Stephanie Horsman

The Principality has received four new ambassadors this week from Japan, Spain, Czech Republic and India.