Unemployment insurance benefits eligibility. |
03LSO-0013.L1 |
FISCAL NOTE (HB0011)
|
FY 2005 |
FY 2006 |
|
NON-ADMINISTRATIVE IMPACT |
|
|
|
Anticipated Expenditure Increase (Decrease) |
|
|
|
FEDERAL FUNDS |
139,800 |
145,392 |
151,208 |
Source of Expenditure Increase:
Unemployment Benefits from the Federal Unemployment Trust Fund
Assumptions:
1. 100 individuals receiving unemployment benefits would be affected annually.
2. Average weekly benefit amount in FY 2004 is $233.
3. Average weekly duration is 12 weeks.
4. This bill eliminates the existing retirement deduction that reduces unemployment benefits by 50%.
5. Increase in the average weekly benefit amount of 4% in FY 2005 and FY 2006.
Prepared by: |
Beth Nelson, Dept of Employment |
Phone: |
777-6402 |