In the adjusted daily allowance arrangement, your earned income will affect the amount of the daily allowance so that what you have earned is deducted from the full daily allowance. Your earnings-related unemployment allowance will nevertheless be paid in full if your income is below the standard entitlement. The standard entitlement is €300* for a month and €279 for a 4-week adjustment period. 50% of any amount of income in excess of the standard entitlement is deducted from the earnings-related unemployment allowance.
*Please note that the standard entitlement has been temporarily increased to EUR 500 for the period from 1 June to 31 October: Read the bulletin.
KOKO takes care of subtracting the standard entitlement and calculating the adjusted income. The key thing is that you let the employment fund know all your income during the application period. However, please note that if your working hours have been reduced due to full days of layoff, or you have other income from part-time work or business activities, the income must be reported in the application covering the period of time when the work was performed.
In all situations, remember to report all work performed during the application period even if their pay day is at a later date. Earnings paid during the application period for daily allowance must be reported even when they fall short of the standard entitlement. Read more under adjusted income.