Oregon Senate Bill 947 outlines new unemployment benefits calculation guidelines

Oregon's Senate Bill 947, introduced on March 28, 2025, aims to reform the state's unemployment benefits system, addressing critical gaps in support for workers facing job loss. The bill proposes significant changes to eligibility criteria and benefit calculations, with the goal of providing more equitable assistance to unemployed individuals.

One of the key provisions of SB 947 is the adjustment of eligibility requirements. Under the new framework, individuals can qualify for benefits if they have worked a minimum of 500 hours in employment subject to the state's unemployment insurance laws during the base year. This change is designed to expand access for part-time and gig economy workers who may not meet traditional full-time employment thresholds.

Additionally, the bill outlines a new formula for calculating weekly benefit amounts, which will be set at 1.25 percent of an individual's total wages during the base year. This approach aims to ensure that benefits are more closely aligned with actual earnings, providing a more realistic safety net for those in need. The bill also establishes minimum and maximum benefit amounts based on the state average weekly covered wage, ensuring that benefits remain relevant to current economic conditions.

Debate surrounding SB 947 has highlighted concerns from various stakeholders. Supporters argue that the bill is a necessary step toward modernizing Oregon's unemployment system, making it more inclusive and responsive to the changing nature of work. Critics, however, express worries about the potential financial implications for the state's unemployment insurance fund, fearing that expanded eligibility could lead to increased claims and strain on resources.

The implications of SB 947 extend beyond immediate financial support for unemployed individuals. Economically, the bill could stimulate local economies by providing workers with the means to sustain their spending during periods of unemployment. Socially, it aims to reduce the stigma associated with unemployment by recognizing the diverse forms of work that individuals engage in today.

As the legislative process unfolds, the future of SB 947 remains uncertain. If passed, it could set a precedent for other states looking to reform their unemployment systems in response to the evolving labor market. The bill's progress will be closely monitored by advocates and opponents alike, as its outcomes could significantly impact the lives of countless Oregonians facing job insecurity.