SB1381 Summary

• Changes the applicable year for unemployment insurance benefit calculations from 2018 to 2020, affecting weekly benefit amounts, maximum benefit amounts, and dependent allowances.

• Reduces the weekly benefit amount calculation from 42.9% to 40.3% of prior average weekly wage for benefit years beginning in calendar year 2020.

• Reduces maximum weekly benefit amount from 42.9% to 40.3% of statewide average weekly wage for benefit years beginning in calendar year 2020.

• Adjusts dependent allowance calculations for nonworking spouses and dependent children, reducing the total payable amount from 51.9% to 49.3% for spouses in calendar year 2020.

• Increases the state experience factor surcharge for employers from 0.3% to 0.425% for calendar year 2020 and increases the experience factor adjustment from 19% to 21% absolute for that year.