Arizona HB2847 increases the weekly benefit amount for unemployment benefits.

Arizona HB2847 amends section 23-779 of the Arizona Revised Statutes to increase the weekly benefit amount for unemployment benefits. The weekly benefit amount is now set at 1/25 of the individual's total wages for the highest-earning quarter of their base period, but not exceeding $500. If the calculated amount is less than the maximum and not a multiple of $1, it is rounded to the nearest dollar, with an even one-half dollar rounding up. The bill also ensures that the benefit amount is not redetermined during the benefit year due to changes in the maximum or minimum weekly benefit amount.

Arizona HB2847 increases the weekly benefit amount for unemployment benefits.

Arizona HB2847 amends section 23-779 of the Arizona Revised Statutes to increase the weekly benefit amount for unemployment benefits. The weekly benefit amount is now set at 1/25 of the individual's total wages for the highest-earning quarter of their base period, but not exceeding $500. If the calculated amount is less than the maximum and not a multiple of $1, it is rounded to the nearest dollar, with an even one-half dollar rounding up. The bill also ensures that the benefit amount is not redetermined during the benefit year due to changes in the maximum or minimum weekly benefit amount.