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Bill > HB299


MS HB299

MS HB299
Unemployment compensation; increase maximum weekly benefit amount.


summary

Introduced
01/10/2025
In Committee
01/10/2025
Crossed Over
Passed
Dead
02/04/2025

Introduced Session

2025 Regular Session

Bill Summary

An Act To Amend Section 71-5-503, Mississippi Code Of 1972, To Increase The Maximum Weekly Benefit Amount To Two Hundred Seventy-five Dollars; To Bring Forward Section 71-5-507, Mississippi Code Of 1972, For The Purpose Of Possible Amendment; And For Related Purposes.

AI Summary

This bill amends Mississippi's unemployment compensation law to increase the maximum weekly benefit amount from $235 to $275, effective July 1, 2025. Currently, unemployment benefits are calculated as one-twenty-sixth of an individual's highest quarter wages during their base period, with a minimum weekly benefit of $30. The maximum benefit amount is determined annually by calculating the average weekly wage of insured workers and taking 60% of that amount, rounded to the nearest dollar. The bill maintains the existing calculation method but raises the maximum benefit cap, which means unemployed workers in Mississippi will be eligible to receive up to $275 per week instead of the current $235, potentially providing more financial support during periods of unemployment. The bill also brings forward another section of the law (Section 71-5-507) related to total benefit amounts, though no changes are proposed to that section. This change aims to provide increased financial assistance to unemployed workers in the state.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

Died In Committee (on 02/04/2025)

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