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ID H0480
Bill
Status
2/6/2024
Primary Sponsor
Commerce and Human Resources Committee
Click for details
AI Summary
House Bill 480 Summary
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Removes the unemployment rate-based sliding scale for benefit weeks (previously ranging 10-26 weeks) and replaces it with a fixed benefit table based solely on the ratio of total base period earnings to highest quarter earnings.
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Establishes a simplified benefit structure with 10 weeks of benefits for earnings ratios between 1.25 and 2.00, and 14 weeks for earnings ratios between 2.0001 and 4.00.
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Allows eligible individuals whose former employer certifies they will return to work within 20 weeks to receive an additional 6 weeks of benefits beyond the base entitlement.
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Maintains existing provisions on weekly benefit amount calculations (1/26 of highest quarter wages), maximum weekly benefit caps (55% of state average weekly wage), and minimum wage eligibility requirements.
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Effective date is January 1, 2025.
Legislative Description
Amends existing law to revise benefit formula provisions.
EMPLOYMENT SECURITY LAW
Last Action
Reported Printed and Referred to Commerce & Human Resources
2/7/2024