Initially, the bipartisan plan called for 16 weeks of unemployment insurance, which would take job seekers to April. After some back and forth, that coverage window may have narrowed to 10 weeks, The Washington Post reported Dec. 17. Now it appears that job seekers can get coverage for 11 weeks. Meanwhile, there were 885,000 new jobless claims for the week ending December 12, which is 23,000 more than the week before, the Labor Ministry reported on December 17.
We are here to answer as many questions as possible given the information currently available, including when the stimulus package could succeed, whether the weekly unemployment bonus would include retroactive payments and who would meet the eligibility requirements. We recently updated this story with new details.
When would the $ 300 per week unemployment benefit be retroactive?
The proposed stimulus package would not make unemployment benefits retroactive, according to The Washington Post. This means that no lump sum will be paid to compensate for previous weeks when no check for $ 300 was received. They could begin as early as Dec. 27, the Post reported Sunday.
When will the $ 300 weekly unemployment insurance become official?
Thecould get a vote in the House of Representatives on Monday before advancing to the Senate and then being signed by President Donald Trump. We will check whether everything is going well on Wednesday at the latest.
Again, the proposal would also be oneand funding for a variety of programs. This economic aid package is seen as a stop-gap rather than sweeping legislation, and is designed to help the economy and US residents through the early months of President-elect Joe Biden’s administration. There could be one more . Here’s how changes in Congress can come into play.
What happens next with unemployment benefits?
For millions of unemployed workers,as benefits created by the in March expires on December 31.
When those $ 300 checks are sent out depends on how quickly the states can turn around and send the money. December 27 is a possible date highlighted by The Washington Post, but that response time may vary from state to state.
Why? The federal government funds these payments, but it is the states that actually process the funds. The timing will vary when it is believed that states approved for thetook weeks or months to process payments.
Who qualifies for the additional $ 300 unemployment check?
If you are fired or on leave,. Once the state has approved your claim, you can apply to receive the state benefits to which you are entitled. Since states cover 30% to 50% of a person’s wages, there is no one-time benefit you can get nationally.
When the CARES law was passed in March, it provided the unemployed with a weekly bonus check of $ 600 on top of the amount the state offered, but those payments stopped in July.Recovery of a weekly bonus check for a reduced $ 300 funded by the federal government through FEMA. These were only offered to the states that applied for six weeks, and they were all except South Dakota.
The CARES Act also created the Pandemic Unemployment Assistance Program, which provides benefits to individuals who would normally not be eligible for state unemployment benefits, such as gig workers, freelancers, independent contractors, and small business owners whose income has been compromised by the pandemic. Those who receive PUA will also receive the $ 300 bonus. Under the CARES law, PUA funding will be available until December 31, but for many their final payment is on December 26.
How are unemployment benefits calculated?
The state determines how much each applicant receives, usually based on that of an individual. It varies from state to state, but is usually between $ 300 and $ 600.
Am I eligible for my state’s unemployment benefits?
Eligibility criteria vary from state to state, but the general rule is that you must apply if you have lost your job or are on leave through no fault of your own. This includes a job that is directly or indirectly lost due to the pandemic.
How do the 50 states deal with unemployment insurance?
Most states offer up to 26 weeks of funding, but others, such as Georgia, have limited benefits to 12 weeks. Delaware, on the other hand, extended benefits to 30 weeks.
The weekly benefit amount depends on an applicant’s gross income when they were employed and ranges between $ 300 and $ 600, with some exceptions. Mississippi had paid up to $ 235, while Massachusetts’ maximum was $ 1,220. Pandemic emergency unemployment compensation from the CARES law added an additional 13 weeks, funded by the federal government, but another incentive law with unemployment insurance would have to be passed to extend it further.
Where can I find more information about my state’s unemployment policy?
Each state’s employment office provides information on its specific unemployment benefits.