Hear, hear. Under the
principle of contributory insurance the fund accumulated from the contributions of all parties, whether employers, employees or the state, must be sufficient to ensure the payment of the benefit. Unless that is done the contributory principle disappears. That principle obtains throughout all forms of insurance, whether it be fire, life or accident insurance. The benefits conferred by the insurance fund must be supported by the amount of money contributed to that fund by the interested parties.
Subtopic: MEASURE TO ESTABLISH AN UNEMPLOYMENT ANB SOCIAL INSURANCE COMMISSION