While a welcome addition I don’t agree with the need for at least 5 years. That means no one is entitled to it for the first 5 years or so of your working life. Or if say someone goes to work abroad a year after graduating they have another few years to do after returning.
It’s often young people who are first to be let go.
I can understand it as a need the program from abuse but it feels extreme. It’s an insurance that we are all paying into, some people may need it early in their career and so may be “up” on the system and then not need it again for 40 years.
The fact you need to pay in for 5 years, well people would just be better off saving themselves. It defeats the whole idea of group insurance.