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Bill > SF358

IA SF358

A bill for an act relating to the maximum amount of unemployment benefits payable during a benefit year to an individual laid off due to an employer going out of business.

summary

Introduced
02/18/2025
In Committee
02/18/2025
Crossed Over
Passed
Dead

Introduced Session

91st General Assembly

Bill Summary

This bill provides that the maximum total amount of unemployment benefits payable during a benefit year to an eligible individual laid off due to the individual’s employer going out of business at the factory, establishment, or other premises at which the individual was last employed shall not exceed 39 times the individual’s weekly benefit amount, rather than 26 times the weekly benefit amount as provided under current law.

AI Summary

This bill amends Iowa's unemployment benefits law to increase the maximum number of weeks an individual can receive unemployment benefits when they are laid off due to their employer going out of business. Specifically, the bill changes the maximum benefit duration from 26 times the individual's weekly benefit amount to 39 times the weekly benefit amount. The bill also modifies how wage credits are calculated for such individuals, increasing the credit from one-third to one-half of the wages earned during the individual's base period. This change provides additional financial support to workers who lose their jobs when a business closes, giving them more time to find new employment. The bill applies to individuals laid off from a specific factory, establishment, or work premises, and ensures that the total benefits do not exceed the total wage credits accrued in the individual's account.

Committee Categories

Labor and Employment

Sponsors (9)

Last Action

Subcommittee: Driscoll, Dotzler, and Taylor. S.J. 315. (on 02/19/2025)

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