An Act to Index Unemployment Benefits to the Unemployment Rate
The bill amends the Employment Security Law to rename it the Reemployment Assistance Program. It establishes a mechanism to index unemployment benefits to the state's average unemployment rate. Benefits increase by one week for every 0.5% the unemployment rate is above 5.5%, up to a maximum of additional weeks. The bill also includes provisions for the Special Administrative Expense Fund and the Maine Wage Assurance Fund, detailing how funds are to be used and transferred.
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- Core Provisions
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- Impact
- Legal Framework
- Critical Issues
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