ID S1182

Changes the weekly benefit amount calculation from one twenty-sixth (1/26) to one twenteth (1/20) of highest quarter wages, subject to a maximum weekly benefit amount.

Maximum weekly benefit amount equals 55% of the state average weekly wage paid by covered employers for the preceding calendar year.

Maximum weeks of benefit entitlement ranges from a minimum of 10 weeks to a maximum of 26 weeks based on a sliding scale tied to the official forecasted, seasonally adjusted unemployment rate for the state.

Benefit weeks are determined quarterly using unemployment rates from November (for January-March claims), February (for April-June claims), May (for July-September claims), and August (for October-December claims).

Includes revised benefit entitlement tables adjusting the number of full weeks available based on the ratio of total base period earnings to highest quarter earnings and the applicable unemployment rate.