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Work group reviews indexing Virginia's maximum weekly unemployment benefit to average wage
Summary
A statutory work group chaired by Delegate Bennett Parker held its first meeting to study tying Virginia's maximum weekly unemployment benefit to the state's average weekly wage; national experts and a third-party review recommend a target near 50–55% and the group will analyze impacts on trust fund solvency and employer tax burdens.
Delegate Bennett Parker reported to a Senate committee that the adjustments-to-weekly-benefits work group held its first meeting and began studying whether Virginia should index its maximum weekly unemployment benefit to the state's average weekly wage.
"National experts agree that the maximum weekly unemployment benefit should be around 50% of the average weekly wage at a minimum," Parker said during the committee update. The work group was created by an enactment clause in recent legislation and is…
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