SB2887

SB2887 amends the Unemployment Insurance Act to adjust the duration of unemployment benefits based on the state's average unemployment rate.

SB2887 amends the Unemployment Insurance Act by introducing a formula for determining the duration of unemployment benefits. The Department of Employment Security will pay beneficiaries for 12 weeks if the state's average unemployment rate is below 5%. For every 0.5% increment above 5%, an additional week of benefits will be provided, up to a maximum of 23 weeks if the average unemployment rate is 10.5% or higher. The Department must calculate and publish the state's average unemployment rate on its website.