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1997 SESSION
970595661Be 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.
For A. Except as provided in subsection B, for claims
filed on or after July 7, 1996 January 4, 1998, 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.
B. On and after January 4, 1998, the maximum weekly benefit amount shall be an amount equal to forty-five percent of the average weekly wage of the Commonwealth, rounded up to the nearest dollar. Corresponding changes shall be made in the Benefit Table to reflect any adjustment to the maximum amount. As used in this subsection, "average weekly wage of the Commonwealth" means such wage calculated for the most recent twelve-month period ending on March 31 of the year immediately preceding the calendar year for which a benefit amount is being determined.
C. For claims filed prior to July 7,
1996 January 4, 1998, 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.