Bill > A01058

This bill amends the New York labor law to automatically adjust the state's average annual wage and average weekly wage for unemployment insurance benefits each year based on inflation. Specifically, the bill requires the commissioner of labor to calculate these wages by May 31st of each year and increase them by the rate of inflation, as measured by the Consumer Price Index (CPI) reported by the United States Bureau of Labor Statistics, but only if the inflation rate is greater than zero. This means that if the cost of living increases from one year to the next, the maximum unemployment insurance benefit caps will be raised proportionally, helping to ensure that the benefits maintain their real-world purchasing power. The bill would take effect on the first day of January following its enactment, providing a mechanism to help unemployed workers in New York keep up with rising living costs.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A1058