Is a 20 on the act good10/25/2023 These new benefits are funded at the federal level, but will be administered by the states.įederal Pandemic Unemployment Compensation (“FPUC”). The CARES Act expands existing unemployment benefits in two material ways: (1) providing for an extra $600 weekly payment, in addition to the weekly benefit amount an eligible employee otherwise receives under state law and (2) increases the maximum number of weeks an individual may receive benefits. How does the CARES Act increase existing unemployment insurance benefits? The $2.2 trillion package included various provisions increasing and expanding unemployment insurance benefits available to workers, including individuals who are unemployed, partially unemployed, or unable to work due to COVID-19. The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was signed into law on March 27, 2020.
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