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2003 SESSION

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SB 1114 Unemployment compensation; weekly benefit amount.

Introduced by: Richard L. Saslaw | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Unemployment compensation; weekly benefit amount. Changes the basis for calculating weekly unemployment benefits. For claims filed between July 6, 2003, and July 4, 2004, benefit levels shall be equal to those in effect before September 9, 2001, except the maximum weekly benefit amount is increased from $268 to $318. For claims filed on or after July 4, 2004, the maximum weekly benefit amount shall be 50 percent of the statewide average weekly wage. The average weekly wage is determined by (i) dividing the total number of taxable workers for the preceding calendar year by 12, (ii) dividing that number into the total wages of taxable employees for that calendar year, and (iii) dividing that number by 52 and rounding to the next lower whole dollar.


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