Bill > H0558

This bill amends existing law to revise the benefit formula provisions of Idaho's Employment Security Law. The key changes are: 1. Modifying the eligibility criteria by removing the requirement for a minimum qualifying amount of wages in at least one calendar quarter of the base period, and instead requiring total base period wages of at least 1.25 times the highest quarter wages. 2. Revising the weekly benefit amount calculation to be one-twenty-sixth of the highest quarter wages, subject to a maximum weekly benefit amount set at 55% of the state's average weekly wage. 3. Changing the formula for determining the total number of benefit weeks an eligible individual is entitled to during a benefit year, based on the ratio of their total base period earnings to highest quarter earnings. The new scale provides either 10 or 14 weeks of benefits, with an additional 2 weeks available if the individual's former employer certifies their anticipated return to work within 16 weeks. The bill will take effect on January 1, 2025.

Business and Industry

State Affairs Committee (House)

https://legislature.idaho.gov/sessioninfo/2024/legislation/H0558/