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House trims unemployment-insurance cushion, raises benefit share in bipartisan compromise
Utah House of Representatives · February 25, 2000
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Summary
The House unanimously approved a compromise that trims the UI trust target from 21 months to an adjustable target near 18 months while restoring benefit replacement to 65% of wages; sponsors said the change saves business and preserves solvency triggers (69–0).
First Substitute House Bill 345, presented by Representative Jeremy Swallow, adjusts the state unemployment insurance trust target and benefits. The bill lowers the long-term trust cushion from 21 months to a formula-driven target in the 17–19 month range and restores the…
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