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124th MAINE LEGISLATURE |
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LD 1474 |
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LR 1983(01) |
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An Act To Assist
Maine Workers and Businesses in Succeeding in a Changing Economy |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Pingree of North Haven |
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Committee: Labor |
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Fiscal Note Required: Yes |
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Preliminary
Fiscal Impact Statement |
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Undetermined current biennium cost increase - Unemployment
Compensation Trust Fund |
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Fiscal Detail and
Notes |
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This
legislation will result in increased benefit payments from the Unemployment
Compensation Trust Fund beginning in fiscal year 2009-10. The amount can not be determined at this
time. However, an analysis performed
by the Department of Labor using information from the State of Washington,
which has a similar dislocated worker benefit program that allows individuals
to receive benefits more than one time during an individual's lifetime, shows
that 1.76% of the participants in that state collected benefits under the
program more than once. Based on that
information, the Department of Labor estimates that had this provision been
in place in Maine in 2008 only 5 to 6 individuals would have potentially
collected the dislocated worker benefits more than once at a cost of
$18,000. Given this information and
the low participation rate under the current program, the Department of Labor
does not anticipate that the additional costs of this provision will have a
significant impact to the Unemployment Compensation Trust Fund. |
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Additional costs to
the Department of Labor to conduct the required study can be absorbed within
existing budgeted resources. |
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