IF YOU ARE A STUDENT AND OVER 30
Are you a student and aged more than 30? It can be difficult to find your way around the various rules on unemployment benefit.
Below, we have collected some important information for you if you are a student and over 30.
You can obtain free membership if you are a student over the age of 30, provided you meet these three conditions:
• You pay early retirement pension scheme contributions. Please note that the deadline for registration for early retirement benefit is the day you turn 30. You can read more about saving for early retirement here.
• You were entitled to receive unemployment benefit at the time you commenced your study programme. Only paid hours of work that you have had while you’ve been a member of an unemployment insurance fund will count. You can read more about unemployment benefit rights here.
• Your income, including SU, does not exceed the maximum unemployment benefit rate on an annual basis during your period of study. See the current unemployment benefit rates.
If you do not meet all three of the above conditions, you must pay the membership subscription.
If you are not entitled to free membership, it costs just DKK 368 per month to be a member of FTFa – as a student, you are exempt from paying the monthly administrative contribution of DKK 100. When you have finished your study programme, ordinary membership costs DKK 468 per month.
However, it can still pay to join one year before your programme ends: then you’ll be entitled to unemployment benefit right from the day after your last examination.
Are you a student and over 30? Then you can choose to be a part-time insured member during your studies.
If you sign up as part-time insured at least one year before your programme ends, you will be entitled to unemployment benefit from the day after your last examination. After graduation, on the other hand, you will have the same opportunity as a full-time insured person to receive unemployment benefit at graduate rate.
However, you should note that if you are part-time insured, you must not work more than 30 hours per week.
You can read more about the rules for being part-time insured here.
However, you should be aware that it is not always worthwhile to be part-time insured. If, for example, you have earned the right to unemployment benefit in the past, it will most likely pay you to remain full-time insured. This will allow you to receive unemployment benefit as full-time insured instead of part-time insured, if, for example, you become unemployed, take leave of absence, or do not complete your study programme and therefore need unemployment benefit.
Please note that once you have changed your insurance from full-time to part-time, you can only change it back again when you graduate from the programme or have worked for at least 390 hours within a period of three months.
If you are in doubt, you are always welcome to call us at 7013 1312.
You can read more here about the right to receive unemployment benefit.
The membership fee for a part-time insured person is DKK 345 per month (2022 figures), equivalent to DKK 4,140 per year.
The unemployment benefit rate for graduates without dependants is on average DKK 13,836 per month (2022 figures). That means you receive a gross gain of up to DKK 9,420 by being a member in the final year of your study programme, if you do not have dependents.
The unemployment benefit rate for graduates with dependants is on average DKK 15,868 per month (2022 figures). That means you receive a gross gain of up to DKK 11,452 by being a member in the final year of your study programme, if you have dependents.
DID YOU FIND AN ANSWER TO YOUR QUESTIONS?
It can be a bit of a jungle to find your way around the legislation on unemployment benefit, so feel free to call us or chat with us.
The chat function is located in the lower right-hand corner of the screen
or call us at 7013 1312.