Bill

Bill > SB2045


IL SB2045

IL SB2045
UNEMPLOYMENT-BENEFIT FORMULA


summary

Introduced
02/06/2025
In Committee
02/06/2025
Crossed Over
Passed
Dead

Introduced Session

104th General Assembly

Bill Summary

Amends the Unemployment Insurance Act. Provides that the Department of Employment Security shall make payments to beneficiaries under the Act based on the State's average unemployment rate. Effective January 1, 2026.

AI Summary

This bill amends the Unemployment Insurance Act to establish a new formula for determining unemployment benefit duration based on the state's average unemployment rate. Under the proposed changes, beneficiaries would initially receive 12 weeks of unemployment benefits when the state's average unemployment rate is below 5%. For every 0.5 percentage point increase in the unemployment rate above 5%, an additional week of benefits would be granted, up to a maximum of 23 weeks when the unemployment rate reaches or exceeds 10.5%. The Department of Employment Security is required to calculate the state's average unemployment rate and publish it on their public website. These new benefit rules will only apply to individuals who begin receiving benefits on or after January 1, 2026. The department is also mandated to adopt rules for implementing this new provision, and in case of any conflict with other sections of the Act, this new section will take precedence.

Sponsors (1)

Last Action

Referred to Assignments (on 02/06/2025)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...