HB 1243

Bill Subjects

Abstract

Renames the "unemployment compensation system" to the "reemployment assistance program". Changes the maximum total amount of reemployment assistance benefits, with respect to initial claims filed for any week beginning on and after January 1, 2023, to a range between 12 times the individual's weekly benefit if the state average unemployment rate is not more than 5.5% and 20 times the individual's weekly benefit if the state average unemployment rate is greater than 9%. (Under current law, the maximum total amount of benefits is 26 times the individual's weekly benefit, or 28% of the individual's wage credits with respect to the individual's base period, whichever is less.) Makes corresponding changes.