New Jersey 2010 Emergency Unemployment Compensation Extension
Federal Emergency Unemployment Compensation (EUC) became effective July 6, 2008 and was scheduled to end on December 31, 2009, however, on November 6, 2009, President Barack Obama signed into law an amendment to the original EUC law which added additional benefits and extended the termination date of the program. Based on the new law, customers were allowed to file for EUC through May 29, 2010 and may be paid through November 6, 2010.
This extension did not add weeks of EUC benefits, it only extended the application dates for the program.
EUC is broken down into four phases, called tiers:
Tier 1
* up to 20 weeks or 80% of an individual’s maximum benefit amount
* May 23, 2010 is the last date a EUC Tier 1 claim may be filed.
* 100% federally funded
Tier 2
* up to 14 weeks or 54% of an individual’s maximum benefit amount
* individual must exhaust EUC Tier 1 benefits in order to receive EUC Tier 2 benefits
* expanded from 13 potential weeks of benefits to a 14 potential weeks of benefits
* UI trigger requirement removed for extension
* 100% federally funded
Tier 3
* up to 13 weeks or 50% of an individual’s maximum benefit amount
* Individual must exhaust Tier 2 claim in order to be eligible for Tier 3 before the June 2, 2010 expiration date
* 6.0% UI Trigger rate over a three-month period
Tier 4
* up to 6 weeks or 24% of an individual’s maximum benefit amount
* 8.5% UI Trigger rate over a three-month period
* Individual must exhaust Tier 3 claim in order to be eligible for Tier 4 before June 2, 2010
* UI trigger requirement removed for extension
* This Newsletter is intended for informational purposes ONLY, It is NOT intended to be legal advice. Please contact your legal advisor regarding your specific needs. *
This Blog Posed By: Anne Dammel, Marketing Coordinator (908) 704-1550 ext. 21 adammel@completepersonnel.com