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125th MAINE LEGISLATURE |
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LD 1777 |
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LR 2553(05) |
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An Act To Correct
an Inconsistency in the Employment Security Law |
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Fiscal Note for
Bill as Engrossed with:
S "A" (S-399) |
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Committee: Labor, Commerce, Research and Economic
Development |
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Fiscal Note |
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Unemployment Compensation Trust Fund Impact |
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Fiscal Detail and
Notes |
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Allowing a claimant
who receives a pension that was fully funded by the base period employer to
receive a prorated weekly unemployment benefit is not expected to
significantly impact the Unemployment Compensation Trust Fund. According to information provided by the
Center for Workforce Research and Information within the Department of Labor,
62,830 new initial claims were filed for the Regular Benefit program during
calendar year 2011. Of those,
approximately 13 individuals would have received some level of benefits had
this provision been in place at an estimated cost of $36,100. The total regular benefits amount paid in
2011 was $191 million. |
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