THIRD WAY NORTH:

Unemployment insurance to become mandatory in 2009 ( 29th June 2007)

The Swedish government said Friday it planned to introduce a mandatory unemployment insurance for all employees from July 2009, as almost a quarter of the labour force currently has no such cover.

"The ambition is that the insurance system will be obligatory by July 1st 2009," a labour ministry advisor, Fredrik Östbom, told AFP.

The key to privatizing unemployment insurance is that you be able to fold it into your retirement account.

Posted by Orrin Judd at June 29, 2007 4:36 PM