TO AMEND SECTION 41-35-40, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO WEEKLY UNEMPLOYMENT BENEFITS, SO AS TO MODIFY THE WEEKLY BENEFIT AMOUNT; AND TO REPEAL SECTION 41-35-50 RELATING TO MAXIMUM POTENTIAL ANNUAL EMPLOYMENT BENEFITS.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    SECTION    1.    Section 41-35-40 of the 1976 Code is amended to read:

    "Section 41-35-40.    An insured worker's weekly benefit amount is fifty percent of his weekly average wage, as defined in Section 41-27-140, and the weekly benefit amount, if not a multiple of one dollar, must be computed to the next lower multiple of one dollar. However, no insured worker's weekly benefit amount may be less than forty-two dollars nor greater than sixty-six and two-thirds percent of the statewide average weekly wage most recently computed before the beginning of the individual's benefit year four hundred and one dollars."

SECTION    2.    Section 41-35-50 of the 1976 Code is repealed.

SECTION 3. This act takes effect January 1, 2022.