which of the following best describes the purpose of supplemental unemployment insurance
it pays for insurance for laid off employees
it supplements income if an employee is fired
it supplements income in the case of a layoff
it provides financial security for families if an employee dies
The correct answer is: it supplements income in the case of a layoff.
The purpose of supplemental unemployment insurance is to supplement income in the case of a layoff.
To determine which of the options best describes the purpose of supplemental unemployment insurance, let's examine each option and see which one aligns with the concept.
1. "It pays for insurance for laid off employees": This option implies that the insurance itself covers the expenses related to being laid off, rather than supplementing the income during unemployment.
2. "It supplements income if an employee is fired": This option specifically mentions income supplementation in the case of being fired, not necessarily due to unemployment or a layoff.
3. "It supplements income in the case of a layoff": This option hits the mark. Supplemental unemployment insurance helps individuals whose employment has been terminated due to a layoff by supplementing their income during the period of unemployment.
4. "It provides financial security for families if an employee dies": This option refers to life insurance, which is different from supplemental unemployment insurance. Life insurance provides financial security to the dependents of employees in case of the employee's death, rather than addressing unemployment-specific issues.
Based on the analysis, the option "It supplements income in the case of a layoff" best describes the purpose of supplemental unemployment insurance.