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1997 SESSION
HB 2559 Unemployment compensation; weekly benefit amount.
Introduced by: C. Richard Cranwell | all patrons ... notes | add to my profiles
SUMMARY:
Unemployment compensation; weekly benefit amount. Reduces, by $250 a year over a three-year period, the current base period earnings of $3,250 required to qualify for unemployment compensation benefits.
In July 1999, when the provisions of this bill are completely phased in, an otherwise eligible claimant who earns $2,500 in the highest two quarters of his base period will receive weekly unemployment compensation benefits of $50. Additionally, the bill increases the maximum unemployment compensation benefits. The maximum benefits, currently $224 a week, will be increased by $2 a year over the next four years. By July 2000, an otherwise eligible claimant may receive a maximum unemployment compensation benefit of $232 a week.
The bill also modifies the unemployment compensation trust fund adequacy formula by (i) reducing from 25 to 20 the number of years (immediately preceding the year of calculation) from which the highest recorded benefit ratios are drawn and (ii) reducing from 1.5 to 1.38 the preliminary multiplier utilized in calculating the fund adequacy multiplier. Changes in employer tax rates resulting from fund adequacy multiplier and adequate fund balance recalculations will become effective on July 1, 1997. The Commission is required to immediately notify employers of their recomputed tax rates for wages paid during the final two quarters of 1997.
FULL TEXT
- 01/20/97 House: Presented & ordered printed 970612176 pdf
- 02/02/97 House: Committee substitute printed 970629176-H1 pdf
- 03/04/97 House: Bill text as passed House and Senate (HB2559ER) pdf
- 03/24/97 Governor: Acts of Assembly Chapter text (CHAP0674) pdf
HISTORY
- 01/20/97 House: Presented & ordered printed 970612176
- 01/20/97 House: Referred to Committee on Finance
- 01/21/97 House: Assigned to Finance sub-committee: 2
- 02/02/97 House: Reported from Finance with sub. (22-Y 0-N)
- 02/02/97 House: Committee substitute printed 970629176-H1
- 02/02/97 House: Read first time
- 02/03/97 House: Passed by for the day
- 02/04/97 House: Read second time
- 02/04/97 House: Committee substitute agreed to 970629176-H1
- 02/04/97 House: Engrossed by House - com. sub. 970629176-H1
- 02/04/97 House: Constitutional reading dispensed (98-Y 0-N)
- 02/04/97 House: Passed House (100-Y 0-N)
- 02/04/97 House: VOTE: PASSAGE (100-Y 0-N)
- 02/04/97 House: Communicated to Senate
- 02/06/97 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/06/97 Senate: Referred to Committee on Commerce and Labor
- 02/17/97 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 02/18/97 Senate: Const. reading disp., passed by for the day (39-Y 0-N)
- 02/18/97 Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
- 02/19/97 Senate: Read third time
- 02/19/97 Senate: Passed Senate (39-Y 0-N)
- 02/19/97 Senate: VOTE: PASSAGE (39-Y 0-N)
- 03/04/97 House: Bill text as passed House and Senate (HB2559ER)
- 03/07/97 House: Enrolled
- 03/07/97 House: Signed by Speaker
- 03/09/97 Senate: Signed by President
- 03/21/97 Governor: Approved by Governor-Chapter 674 (effective 7/1/97)
- 03/24/97 Governor: Acts of Assembly Chapter text (CHAP0674)