Bill Text: VA SB54 | 2012 | Regular Session | Prefiled
Bill Title: Unemployment benefits; minimum earnings requirement, postpones scheduled increase.
Spectrum: Bipartisan Bill
Status: (Passed) 2012-03-21 - Governor: Acts of Assembly Chapter text (CHAP0312) [SB54 Detail]
Download: Virginia-2012-SB54-Prefiled.html
12100666D
Be it enacted by the General Assembly of Virginia: 1. That §60.2-602 of the Code of Virginia is amended and reenacted as follows: §60.2-602. Weekly benefit amount. A. Beginning July 6, 2008, for claims effective on or after
July 6, 2008, but before
B. Beginning 2. That the provisions of this act enhance the benefits payable to an individual pursuant to Title 60.2. Pursuant to §30-19.03:1.2, the Virginia Employment Commission, in consultation with the Department of Planning and Budget, estimates that over the ensuing eight years (i) the provisions of this act are projected to reduce the solvency level of the unemployment trust fund by an average of 0 percent in each of the eight years and (ii) the projected average annual increase in state unemployment tax liability of employers on a per-employee basis that would result from the provisions of this act is $0.12. |