Employment subsidy to cover the wage costs of those who are aged 55 or over
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The employment authority may grant your organization an employment subsidy to cover the wage costs of a person who is aged 55 or over, provided that the person is registered as an unemployed jobseeker. An employment subsidy may be granted for a employment contract valid until further notice or a fixed-term employment contract.
The purpose of the subsidy is to promote the employment of persons who are aged 55 or over so that their professional skills or entrepreneurial capabilities are improved. The most essential criterion in assessing whether the subsidy can be granted is the unemployed jobseeker’s need for services.
The employment subsidy requires that the unemployed jobseeker hired for the employment relationship has reached the age of 55 and has been unemployed for at least 24 months in the 28 months immediately preceding the granting of the subsidy.
The amount of employment subsidy is 70 per cent of the wage costs. The aid may be granted for a period of 10 months but not longer than the duration of the employment relationship. The maximum amount of employment subsidy paid is €1,770 per month.
Apply for subsidy well in advance before the start of employment. The employment relationship can only start after a decision on the subsidy has been made. You can apply for the subsidy using an electronic form in the Business E-services section.