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ID H0480

Bill

Status

Introduced

2/6/2024

Primary Sponsor

Commerce and Human Resources Committee

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

House Bill 480 Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Commerce and Human Resources2/7/2024

Full Bill Text

No bill text available