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Business groups tell committee reducing unemployment maximum weeks to 20 would help solvency
Summary
Representatives of the Ohio Chamber of Commerce and NFIB told the House Public Insurance and Pensions Committee that House Bill 376 — which would cut the maximum weeks of unemployment benefits from 26 to 20 — would help the trust fund return to solvency; members asked about shifting costs to other public programs and data supporting the fiscal estimates.
Kevin Shimp, a partner at Dickinson Wright testifying on behalf of the Ohio Chamber of Commerce, urged the committee to support House Bill 376, which would reduce the maximum duration of unemployment benefits from 26 weeks to 20 weeks. Shimp said the change — combined with targeted employer-contribution reforms — would help put Ohio's unemployment trust fund on a more sustainable path and avoid costly federal borrowing in future downturns.
"Lowering the maximum duration from 26 to 20 weeks, which still allows for five full months of benefits, will save the system approximately…
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