Iowa SF157 amends the maximum amount of unemployment benefits payable during a benefit year.

Iowa SF157 modifies the maximum total amount of unemployment benefits payable to an eligible individual during a benefit year. The bill sets the maximum benefits to the lesser of either the total wage credits accrued during the base period or twenty-six times the individual's weekly benefit amount. This change increases the previous limit of sixteen times the weekly benefit amount. The bill also specifies that wage credits for individuals laid off due to their employer going out of business are computed differently.

Iowa SF157 amends the maximum amount of unemployment benefits payable during a benefit year.

Iowa SF157 modifies the maximum total amount of unemployment benefits payable to an eligible individual during a benefit year. The bill sets the maximum benefits to the lesser of either the total wage credits accrued during the base period or twenty-six times the individual's weekly benefit amount. This change increases the previous limit of sixteen times the weekly benefit amount. The bill also specifies that wage credits for individuals laid off due to their employer going out of business are computed differently.