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2003 SESSION

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SB 890 Unemployment compensation; weekly benefit amount.

Introduced by: John C. Watkins | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Unemployment compensation; weekly benefit amount. Changes the basis for calculating weekly unemployment benefits. For claims filed on or after July 6, 2003, the maximum weekly benefit amount shall be $316. For claims filed on or after July 4, 2004, the maximum weekly benefit amount shall be 45 percent of the statewide average weekly wage. The average weekly wage is determined by (i) dividing the total number of taxable workers for calendar year 2002 by 12, (ii) dividing that number into the total wages of taxable employees for 2002, and (iii) dividing that number by 52 and rounding to the next lower whole dollar.


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