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NY A07150
Bill
Status
Introduced
4/23/2021
Primary Sponsor
Diane Richardson
Click for details
AI Summary
- Increases the maximum wage base subject to unemployment insurance contributions from $12,000 to $12,500 for calendar year 2022, eliminating scheduled increases through 2026
- Changes the calculation of maximum weekly unemployment benefits to equal one-half of the state average weekly wage, effective July 1, 2022, replacing a previous formula based on percentage thresholds
- Directs the department to recalculate the maximum weekly benefit amount annually on July 1st based on the prior calendar year's average weekly wage
- Removes automatic annual rounding down of benefit calculations and instead rounds to the next dollar
- Requires the department to calculate necessary wage base amounts in succeeding years to fund annual increases in maximum weekly benefits and the unemployment insurance trust fund
Legislative Description
Relates to increasing the maximum benefit rate for unemployment insurance.
Last Action
enacting clause stricken
2/8/2022
Committee Referrals
Labor4/23/2021
Full Bill Text
No bill text available