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Updates Labour 12-2012

08/26/2012
Commentaries

Royal decree-law 23/2012, of august 24, 2012, extending the vocational retraining program for individuals exhausting their unemployment benefit (“prepara plan”)

Published on August 25, 2012 and with backdated effect from August 16, 2012, Royal Decree-Law 23/2012, of August 24, 2012, has extended the vocational retraining program for individuals who exhaust their unemployment benefit (commonly known as the “PREPARA Plan”, created by Royal Decree-Law 1/2011, of February 11, 2011).

Under the program, individuals who had exhausted their contributory unemployment benefit were entitled to receive an amount of accompanying financial assistance equivalent to 75% of the monthly Public Multi-Purpose Income Indicator (“IPREM”).

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