Adjusts the maximum unemployment benefits for individuals laid off due to employer bankruptcy.
This bill modifies the maximum unemployment benefits for individuals laid off due to their employer going out of business. It increases the maximum total benefits from 26 to 39 times the individual's weekly benefit amount. The bill also changes the wage credit calculation for these individuals, crediting them with one-half instead of one-third of their wages during the base period. These changes apply only to those laid off due to employer bankruptcy at the last employment premises.
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