For employees who are unemployed, the American Rescue Plan would have the benefits set forth in apassed in late December, which was an extension of the which was signed into law in March. Biden calls his plan the first step to help Americans recover financially.
Here’s everything you need to know about how Biden’s plan will help unemployed workers.
What Could Biden’s American Rescue Plan Do For Unemployed Workers?
The presidentlooking for through the end of September and increase the weekly federal bonus to $ 400 instead of . This is down from the $ 600 per week extended in the US , on top of .
Another change Biden wants with unemployment benefits are automated triggers, according to The Washington Post. When certain economic indicators change, such as the unemployment rate, the support provided changes accordingly. This allows the federal government to continue to provide the amount of assistance needed for unemployed workers without having to pass through an additional package.
Would the additional $ 400 unemployment benefits be retroactive?
So far there is no indication that unemployment benefits will be retroactive. That could change once a bill makes its way through Congress, or it could be decided by the states.
How long would the $ 400 additional unemployment insurance last for Americans?
Biden’s plan calls for the extended benefits to last until the end of September with triggers that would extend benefits beyond September for those who remain unemployed and include automatic payment adjustments related to health and economic conditions. If and when his bill becomes law, the additional benefits are likely to take effect in mid-March, when current unemployment benefits expire.
How many weeks of $ 300 bonus checks are left?
Thesucceeded in December added . This includes the $ 300 weekly checks, pandemic unemployment assistance for gig workers, and an extension of state benefits. The official due date for these benefits is March 14 – just over a month away – but there is a phase-out period until April 5 as some recipients have not yet received payments from the unemployment agencies in their state. That goes away
What will happen at the end of September?
We will provide the official expiration date of ituntil it’s on the bill. However, since most states determine whether a person is eligible for unemployment on the Saturday of each week, the likely due date is September 25, 2021.
The state of the benefits depends on the state of the US economy.continue to roll out across the country, with a large percentage of the population expected to be vaccinated by the summer. As the economy opens up, there will be less need for increased unemployment, but some people still won’t have jobs and an extension is likely needed.