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2012 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 6, 2008, for claims effective on or after
July 6, 2008, but before July 1, 2012 July 6, 2014, 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. Beginning July 1, 2012 July 6, 2014, for
claims effective on or after July 1, 2012 July 6, 2014, 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.
2. That the provisions of this act enhance the benefits payable to an individual pursuant to Title 60.2. Pursuant to § 30-19.03:1.2, the Virginia Employment Commission, in consultation with the Department of Planning and Budget, estimates that over the ensuing eight years (i) the provisions of this act are projected to reduce the solvency level of the unemployment trust fund by an average of 0 percent in each of the eight years and (ii) the projected average annual increase in state unemployment tax liability of employers on a per-employee basis that would result from the provisions of this act is $0.12.