HB 2559 Unemployment compensation; weekly benefit amount.
C. Richard Cranwell | all patrons    ...    notes
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Summary:
Unemployment compensation; weekly benefit amount. Reduces, by $250 a year over a three-year period, the current base period earnings of $3,250 required to qualify for unemployment compensation benefits.

In July 1999, when the provisions of this bill are completely phased in, an otherwise eligible claimant who earns $2,500 in the highest two quarters of his base period will receive weekly unemployment compensation benefits of $50. Additionally, the bill increases the maximum unemployment compensation benefits. The maximum benefits, currently $224 a week, will be increased by $2 a year over the next four years. By July 2000, an otherwise eligible claimant may receive a maximum unemployment compensation benefit of $232 a week.

The bill also modifies the unemployment compensation trust fund adequacy formula by (i) reducing from 25 to 20 the number of years (immediately preceding the year of calculation) from which the highest recorded benefit ratios are drawn and (ii) reducing from 1.5 to 1.38 the preliminary multiplier utilized in calculating the fund adequacy multiplier. Changes in employer tax rates resulting from fund adequacy multiplier and adequate fund balance recalculations will become effective on July 1, 1997. The Commission is required to immediately notify employers of their recomputed tax rates for wages paid during the final two quarters of 1997.

Full text:
01/20/97  House: Presented & ordered printed 970612176  pdf
02/02/97  House: Committee substitute printed 970629176-H1  pdf
03/04/97  House: Bill text as passed House and Senate (HB2559ER)  pdf
03/24/97  Governor: Acts of Assembly Chapter text (CHAP0674)  pdf

Status:
01/20/97  House: Presented & ordered printed 970612176
01/20/97  House: Referred to Committee on Finance
01/21/97  House: Assigned to Finance sub-committee: 2
02/02/97  House: Reported from Finance with sub. (22-Y 0-N)
02/02/97  House: Committee substitute printed 970629176-H1
02/02/97  House: Read first time
02/03/97  House: Passed by for the day
02/04/97  House: Read second time
02/04/97  House: Committee substitute agreed to 970629176-H1
02/04/97  House: Engrossed by House - com. sub. 970629176-H1
02/04/97  House: Constitutional reading dispensed (98-Y 0-N)
02/04/97  House: Passed House (100-Y 0-N)
02/04/97  House: VOTE: PASSAGE (100-Y 0-N)
02/04/97  House: Communicated to Senate
02/06/97  Senate: Constitutional reading dispensed (40-Y 0-N)
02/06/97  Senate: Referred to Committee on Commerce and Labor
02/17/97  Senate: Reported from Commerce and Labor (15-Y 0-N)
02/18/97  Senate: Const. reading disp., passed by for the day (39-Y 0-N)
02/18/97  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
02/19/97  Senate: Read third time
02/19/97  Senate: Passed Senate (39-Y 0-N)
02/19/97  Senate: VOTE: PASSAGE (39-Y 0-N)
03/04/97  House: Bill text as passed House and Senate (HB2559ER)
03/07/97  House: Enrolled
03/07/97  House: Signed by Speaker
03/09/97  Senate: Signed by President
03/21/97  Governor: Approved by Governor-Chapter 674 (effective 7/1/97)
03/24/97  Governor: Acts of Assembly Chapter text (CHAP0674)