NY A03904

Increases the wage base for unemployment insurance contributions to $12,500 for January 2022 and $13,500 for January 2023, replacing the previous scheduled increases that would have capped at $13,000 by 2026

Requires the Department of Labor to calculate annually the base remuneration amount needed to fund unemployment insurance benefit increases and maintain the unemployment insurance trust fund

Sets the maximum weekly unemployment benefit at $650 starting the first Monday of October 2021, replacing the formula tied to 40% of average weekly wage

Beginning the first Monday of October 2022, the maximum weekly benefit will equal one-half of the state average weekly wage, with annual recalculations each July 1st thereafter

Changes rounding rules for weekly benefit calculations from rounding down to the lowest dollar to rounding to the next dollar, and updates gendered language to gender-neutral terms