SB1056: Unemployment compensation; increases weekly benefit amounts, report.

Legislative Summary

Unemployment compensation; increase weekly benefit amounts; report. Provides that, for unemployment compensation claims effective on or after January 1, 2026, an eligible individual's weekly benefit amount shall be $100 higher than the current weekly benefit amount, as denoted in the table in the printed bill. The bill directs the Commission on Unemployment Compensation, in consultation with the Virginia Employment Commission, to convene a work group to study making annual adjustments to individual weekly benefit amounts based on the average weekly wage. The bill also provides that, beginning July 1, 2025, for claims effective on or after July 1, 2025, an eligible individual's weekly unemployment compensation benefit amount shall be paid for a maximum duration of 26 weeks. As introduced, this bill was a recommendation of the Commission on Unemployment Compensation. This bill is identical to HB 1766.