Income support prominent in latest stimulus law

Ljubljana – The latest economic stimulus law, passed by the National Assembly on Tuesday, brings a series of income support transfers for groups including employees, pensioners, students and families.

EMPLOYEES

Employees with monthly wages below twice the minimum wage will get EUR 200 from their employers on their pay checks for December. The employers will be reimbursed by the Financial Administration.

Employees at public health care and social care institutions are eligible for a 30% increase in hourly pay if they work directly with Covid-19 patients. Those working the most high-risk jobs will see their hourly pay increase by 65%. The increase is valid through the end of the year.

CHILDREN

Parents or guardians of children up to the age of 18 with permanent or temporary residence in Slovenia will get EUR 50 per child. Those who already receive child allowance will get the money automatically, those who do not have to submit an application with the Ministry of Labour, the Family and Social Affairs.

The existing allowance for the care of special-needs children will increase by EUR 100 per month effective from 18 October until the end of the epidemic.

The existing annual allowance for large families increases by EUR 100-200 depending on family size, payable until the end of the epidemic.

Babies born between 1 January this year and one year after the end of the epidemic will get a one-off allowance of EUR 500.

STUDENTS

Students with permanent residence in Slovenia will get a one-off transfer of EUR 150 EUR by 31 January.

PENSIONERS

Pensioners with permanent residence in Slovenia will get a one-off allowance of EUR 130-300. Those receiving pensions up to EUR 714 per month are eligible and the transfer will be carried out on 15 January.

FARMERS

Farmers over 65 whose taxable income was below EUR 591.2 per month in 2019 will get a one-off income support of EUR 150 that they have to apply for at the Agriculture Ministry.

UNEMPLOYED

The unemployed who were terminated or had their fixed-term contracts run out since 18 October will get a temporary cash benefit of almost EUR 514 per month until the end of the epidemic.

RELIGIOUS WORKERS

The employees of registered churches who were enrolled in pension insurance on 1 October will get a basic monthly income of EUR 700 for the last three months of this year.

BORROWERS

An extension of the option for both individuals and companies to request a deferral of liabilities stemming from credit agreements. Under a previous stimulus law, the deferral was in effect until 31 January next year, now creditors can ask for a nine-month deferral; their applications are due by 26 February.

COVERAGE OF FIXED COSTS

The previous stimulus package brought the coverage of fixed costs for companies whose sales dropped by at least 30%. The latest law doubles the compensation to EUR 2,000 per employee for companies whose income declined by more than 70%.