What is a mandated benefit for employees that helps protect against job loss?

Unemployment insurance is a mandated benefit that specifically provides financial support to individuals who have lost their jobs through no fault of their own. This safety net is designed to protect employees during periods of unemployment by offering a temporary source of income while they search for new employment. The program is funded through taxes collected from employers, making it a legislatively required benefit in many regions.

In contrast, while health insurance, retirement fund contributions, and workers' compensation are important benefits for employees, they do not directly address job loss. Health insurance provides coverage for medical expenses, retirement funds help employees save for their future, and workers' compensation offers financial assistance for work-related injuries or illnesses. Unemployment insurance, on the other hand, is specifically tailored to support individuals during transition periods in their employment status.