Adjusts the average annual and weekly wages in New York to account for inflation annually.
This bill amends the labor law to require the average annual wage and average weekly wage in New York, which determine the maximum cap for unemployment insurance benefits, to be adjusted for inflation each year. The adjustment is based on the consumer price index reported by the United States Bureau of Labor Statistics. This change aims to ensure that the maximum cap for unemployment benefits keeps pace with inflation.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.