This study analyses the financial implications of a potential unemployment benefits system for Turkey by discussing general aspects of unemployment benefit system. In the model developped in this study, premium payment maturity and duration of unemployment benefit are determined by the internal productivity rate of the unemployment benefits fund. The model attemps to shed new lights on the on going discussion of unemployment benefits system and to contribute to the decision making process, where the unemployment risk is shared by conributions of employees, employers and goverment.