Bill > SB1056

This bill makes several key changes to unemployment compensation in Virginia. First, it increases the weekly benefit amount by $100 for unemployment claims effective on or after January 1, 2026, with the specific amounts determined by a benefit table based on the individual's base period wages. Additionally, the bill establishes that starting July 1, 2025, unemployment compensation claims will be payable for a maximum of 26 weeks. To ensure ongoing review of benefit amounts, the bill requires the Commission on Unemployment Compensation to convene a work group that will study and potentially make annual adjustments to weekly benefit amounts. This work group, which must include both employee and employer representatives, will meet quarterly and is tasked with basing potential adjustments on the average weekly wage as determined by the Virginia Employment Commission. The group must complete its work by July 1, 2026, and submit an executive summary and report to the Governor and General Assembly by September 1, 2026, with the report to be posted on the General Assembly's website. The bill aims to provide more comprehensive and potentially more responsive unemployment compensation support for Virginia workers.

Budget and Finance, Business and Industry

https://lis.virginia.gov/bill-details/20251/SB1056