Senate Bill 525 Summary

• Increases maximum weekly unemployment benefit rate from $362.00 to $471.00 for claims filed on or after October 1, 2015, with annual indexing adjustments based on consumer price index changes.

• Changes earnings reduction rate for partial unemployment from 40 cents per dollar to 50 cents per dollar of remuneration earned, effective October 1, 2015.

• Reduces maximum total benefits and earnings ratio for partial unemployment claimants from 1-3/5 times weekly benefit amount to 1-1/2 times weekly benefit amount, effective October 1, 2015.

• Removes language limiting maximum benefit duration to 20 weeks for claims filed on or after January 15, 2012, returning to standard 26-week maximum for all eligible individuals.

• Requires annual reporting to legislature on the number of individuals affected by earnings reduction and partial remuneration benefit limitations under the modified provisions.