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2006 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 60.2-602 of the Code of Virginia is amended and reenacted as follows:
§ 60.2-602. Weekly benefit amount.
A. Beginning July 4, 2004, for claims effective on or after
July 4, 2004, but before July 3, 2005, 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.
Table can be seen in the printed bill.
B. Beginning July 3, 2005, for claims effective on or
after July 3, 2005, but before July 2, 2006, 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.
Table can be seen in the printed bill.
B. Beginning July 2, 2006, for claims effective on or after July 2, 2006, 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.
Table can be seen in the printed bill.
2. That the provisions of this act enhancing the benefits payable to an individual pursuant to Title 60.2 may result in a net revenue loss to the Commonwealth of Virginia. Pursuant to § 30-19.03:1.2, the estimated amount of the annual net revenue loss is $23,340.