MS HB1032

Replaces the fixed 26-week maximum unemployment benefit duration with a variable system tied to the state's seasonally adjusted unemployment rate, ranging from 12 weeks (when unemployment is 5% or less) to 20 weeks (when unemployment exceeds 8.5%).

Requires the Department of Employment Security to calculate the average unemployment rate for the three months before a claimant's initial claim and publish monthly updates on its website showing the weekly benefits available.

Maintains the existing weekly benefit amount calculation at one-twenty-sixth of the highest quarter wages in the base period, with a maximum of $235 per week and a minimum of $30 per week.

Takes effect July 1, 2024.