Compensation Solutions Blog
Human Resources Outsourcing (HRO – PEO – ASO – Payroll – Agency)

Posts Tagged "Unemployment"

New Jersey Increases Weekly State Benefits for 2012

New Jerseyhas announced the maximum weekly benefit rates for workers’ compensation, unemployment and disability for 2012.  The disability rate went down slightly last year, but all have gone up roughly 2% this year. Beginning January 1, 2012, the maximum weekly unemployment insurance benefit increased from $598 to $611.  The worker’s compensation benefit has gone up […]

Florida Reduces Unemployment Benefits for 2012; Other States, Including New Jersey, Act to Reduce Costs

In what is viewed by some as an attempt to attract more businesses, the State of Florida is cutting into the time period during which unemployed residents can collect unemployment benefits.  A huge tax increase is looming for Florida businesses under the current system.  Companies are scheduled to pay a minimum of $206.55 per employee […]

New Jersey Employers Prohibited from Discriminating Against Unemployed

When employers post job openings, one would think they would attempt to find the best candidate for the job regardless of current employment status.  Not so, say New Jersey lawmakers, and the practice of excluding unemployed people when advertising job vacancies prompted them to pass legislation prohibiting the practice.  Employers who post jobs, whether in […]

Florida Approves Tougher Restrictions on Unemployment Benefits; New Jersey Has Similar Law

The Florida State House Economic Affairs Committee approved HB 7005,  a bill that would reduce unemployment benefits and make them more difficult to access.  The bill calls for a reduction in unemployment benefits from 26 weeks to 20 weeks, even as little as 12 weeks, tying the reduction directly to the state unemployment rate; if […]

Congress Passes Law Extending Bush Tax Cuts

On December 16, Congress passed the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.  The new bill extends certain provisions of several laws passed under President George W. Bush, and prevents tax increases that would have become effective January 1, 2011.  These are just a few of the provisions:  Unemployment insurance has […]

New Jersey Voters Ban Raids on State Funds

This past Tuesday, November 2, 2010, voters in New Jersey overwhelmingly voted in favor of a constitutional amendment preventing the State from raiding the unemployment, disability and other state funds to finance other initiatives.  A total of $5.4 billion has been diverted from these funds between 1992 and 2007, most of it used to reimburse […]

Job Incentives Bill Passed

The Hiring Incentives to Restore Employment (HIRE) Act (H.R. 2847), signed by President Barack Obama on March 18, 2010, is a $17.5B jobs bill intended to spur hiring and help small businesses. There are two key components to the job incentive portion of the bill.  First, businesses who hire a worker out of work for […]

Senate Passes Jobless Aid Bill

Last week the Senate approved a measure that would extend unemployment benefits to the end of the year, extend the COBRA subsidy under the American Reinvestment and Recovery Act (ARRA), and extend tax cuts, ease corporate pension requirements and do away with cuts in Medicare reimbursements by doctors.  It will now go to the House. […]

Unemployment Benefits, COBRA Subsidy Extended for One Month

On March 2, Congress voted to extend unemployment benefits for 30 days, allowing Congress to work on a more comprehensive, longer term extension of benefits that would last through the end of 2010.  President Obama signed the legislation on Wednesday.  Roughly 400,000 Americans were scheduled to lose their unemployment benefits as of the end of […]

NJ Governor Introduces Plan to Mitigate UI Burden on Businesses

We reported last week that an unemployment tax is scheduled to be levied on NJ businesses as a result of the underfunding of the state’s unemployment insurance fund.  To relieve New Jersey businesses from the burden created by this situation, Governor Christie unveiled a plan to substantially reduce the tax burden on businesses, but would […]