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2002 SESSION

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025596436
SENATE BILL NO. 663 AMENDMENT IN THE NATURE OF A SUBSTITUTE (Proposed by the Senate Committee on Commerce and Labor on January 28, 2002) (Patrons Prior to Substitute-- Senators Hawkins, Reynolds [SB 72], and Ticer [SB 141]) A BILL to amend and reenact § 60.2-602 of the Code of Virginia, and that the Code of Virginia is amended by adding a section numbered 60.2-602.1, relating to unemployment compensation; weekly benefit amount.

Be it enacted by the General Assembly of Virginia:

1. That § 60.2-602 of the Code of Virginia is amended and reenacted, and that the Code of Virginia is amended by adding a section numbered 60.2-602.1 as follows:

§ 60.2-602. Weekly benefit amount.

Beginning November 28, 1999 September 9, 2001, and expiring July 6, 2003, for claims filed on or after November 28, 1999 September 9, 2001, and for claims for which a claimant had established a benefit year as of September 9, 2001, an eligible individual's weekly "benefit amount" shall be the amount appearing in Column B in the "Benefit Table" in this section on the line on which in Column A of such table, there appears the total wages for insured work paid to such individual in the two quarters of his base period in which such total wages were highest.

For claims filed prior to November 28, 1999, an eligible individual's weekly "benefit amount" shall be computed under the provisions of this section in force on the date such claim was filed.

§ 60.2-602.1. Weekly benefit amount.

Beginning July 6, 2003, for claims filed on or after July 6, 2003, an eligible individual's weekly "benefit amount" shall be the amount appearing in Column B in the "Benefit Table" in this section on the line on which in Column A of such table, there appears the total wages for insured work paid to such individual in the two quarters of his base period in which such total wages were highest.

2. That the provisions of this act shall be effective retroactively to September 9, 2001.