CA SB951

Eliminates the wage cap for unemployment compensation disability insurance contributions effective January 1, 2024, by repealing Section 985, which previously exempted remuneration paid after 4 times the maximum weekly benefit was reached.

Extends the disability insurance weekly benefit formula applicable from January 1, 2018 through December 31, 2022 through December 31, 2024, maintaining rates of $50 minimum, 70% of wages for mid-range earners, and 60% or 23.3% of state average weekly wage for higher earners.

Establishes new weekly benefit amount formulas effective January 1, 2025 for disability insurance: $50 for wages under $722.50, 90% of wages divided by 13 (capped at workers' compensation maximum) for wages between $722.50 and 70% of state average quarterly wage, and 70% of wages or 63% of state average weekly wage for higher earners.

Updates the paid family leave program's weekly benefit amount formulas to match the new disability insurance calculations effective January 1, 2025.

Makes an appropriation to the Unemployment Compensation Disability Fund through additional employee contributions and increased benefit disbursements.