Maryland HB188 modernizes unemployment insurance by updating wage calculations and benefit amounts.

Maryland HB188, the Unemployment Insurance Modernization Act of 2026, revises unemployment insurance provisions. It mandates the Maryland Department of Labor to calculate and update the State Average Weekly Wage annually. The bill sets the taxable wage base as a percentage of the average annual wage for employees in the state, increasing it annually until it matches the federal taxable wage base. It also adjusts the minimum and maximum weekly benefit amounts, with the maximum being 40% of the State Average Weekly Wage.

Maryland HB188 modernizes unemployment insurance by updating wage calculations and benefit amounts.

Maryland HB188, the Unemployment Insurance Modernization Act of 2026, revises unemployment insurance provisions. It mandates the Maryland Department of Labor to calculate and update the State Average Weekly Wage annually. The bill sets the taxable wage base as a percentage of the average annual wage for employees in the state, increasing it annually until it matches the federal taxable wage base. It also adjusts the minimum and maximum weekly benefit amounts, with the maximum being 40% of the State Average Weekly Wage.