MN HF2551

Changes the definition of "high quarter" to "high two quarters" in unemployment compensation calculations, meaning the two calendar quarters in a base period with the highest wage credits instead of a single quarter.

Modifies the weekly unemployment benefit calculation to use the high two quarters wage credits divided by 26 instead of 13, with a maximum of 43 percent of the state's average weekly wage.

Maintains an alternative calculation using 50 percent of average weekly wage during the entire base period (divided by 52) with a maximum of 66-2/3 percent of the state's average weekly wage, with the applicant receiving the higher amount.

Keeps the maximum unemployment benefits available as the lower of either 33-1/3 percent of total wage credits or 26 times the weekly benefit amount.

Both sections are effective December 30, 2012, with the weekly benefit changes applying to benefit accounts established on or after that date.