Adjusts the average annual and weekly wages in New York to account for inflation annually.

This bill amends the labor law to adjust the average annual and weekly wages in New York for inflation each year. The average annual wage and average weekly wage, which determine the maximum cap for unemployment insurance benefits, will be increased by the rate of inflation based on the consumer price index for the previous calendar year, as reported by the United States Bureau of Labor Statistics. This adjustment ensures that the wage thresholds keep pace with inflation.

Adjusts the average annual and weekly wages in New York to account for inflation annually.

This bill amends the labor law to adjust the average annual and weekly wages in New York for inflation each year. The average annual wage and average weekly wage, which determine the maximum cap for unemployment insurance benefits, will be increased by the rate of inflation based on the consumer price index for the previous calendar year, as reported by the United States Bureau of Labor Statistics. This adjustment ensures that the wage thresholds keep pace with inflation.