Connect with us

First News in the World from USA

House Covid relief bill extends unemployment benefits by 5 months, pays extra $400 a week

House Covid relief bill extends unemployment benefits by 5 months, pays extra $400 a week

FINANCE NEWS

House Covid relief bill extends unemployment benefits by 5 months, pays extra $400 a week

Al Drago | Getty Images News | Getty ImagesUnemployment benefits extendedThose programs include Pandemic Unemployment Assistance for self-employed, gig and other workers who don’t qualify for state-level assistance; and Pandemic Emergency Unemployment Compensation, which pays extra weeks of state benefits to the long-term unemployed.The bill would offer PUA recipients a maximum 74 weeks of benefits, up from 50. PEUC recipients would get up to 48 weeks instead of 24.Extra $400 a weekBenefit recipients would also get an extra $400 a week through Aug. 29.State unemployment benefits replaced about 38% of pre-layoff wages for workers, on average, in the third quarter last year, according to the Labor Department. An extra $400 a week would raise that wage replacement to 86%.The bill would also provide an extra $100 a week for certain self-employed workers. Workers are eligible for this if they make at least $5,000 in net self-employment income and aren’t receiving benefits through the Pandemic Unemployment Assistance program.


Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in FINANCE NEWS

To Top
error: Content is protected !!
Top