SB20-207 Summary

• Increases "chargeable wages" thresholds for unemployment insurance premiums progressively from $13,600 (2021) to $30,600 (2026), adjusted annually thereafter by average weekly earnings changes.

• Temporarily increases the partial unemployment earnings disregard from 25% to 50% of weekly benefits for two calendar years (through September 1, 2022), then reverts to 25%.

• Adds new reasons for full unemployment benefits eligibility: employees separating due to non-compliant workplace safety conditions, childcare needs during school closures, or immunocompromised status during public health emergencies.

• Reduces the notice period for interested parties to respond to unemployment claims from 12 calendar days to 7 calendar days.

• Authorizes transfer of unexpended federal CARES Act funds to the unemployment compensation fund and suspends solvency surcharges on employers for calendar years 2021 and 2022.