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.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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