THE REPORT: Temporary Extension of Unemployment Benefits: Emergency Unemployment Compensation (EUC08)
LOCATION: RS22915
What do you learn? On December 26, 2009 The Emergency Unemployment Compensation program (EUC08) is set to expire. Eight times in our country's history ranging from the late 1950's to 2002 has the United States extended such benefits to unemployed individuals. The Current benefit is augmented by the stimulus bill giving each recipient an additional $25. The Congressional Research Service gives the reader a breakdown of the various levels of unemployment benefits and availbilty of the program is disseminated through various unemployment offices. The program is currently financed with general funds from the US Treasury
Tier 1: The benefits have basically a ceiling of only 20 weeks. Tier 2 provides an additional 14 weeks of benefits. Tier 3 though is a bit different only if you have worked in a state with an unemployment rate of 6% of higher are you eligible for an additional 13 weeks of benefits. Tier 4 continues the state unemployment rate meme that you have to have worked in a state with an unemployment rate of 8% or higher with a maximium of 53 weeks of benefits. CRS notes that there are very few recipients of Tier 4 benefits.
Currently, 111th Congress late in the session several bits of legislation are relevant. H.R. 291 introduced by Rep. McDermott would extend an additional $50 in the EUC08 program through the end of 2009. However, the real substance of the program will be determined basically by the consideration of H.R. 3458 which is moving through both the house and the Senate. The House verision taxes an employee $14 and requires an employers to report that to the National Directory of New Hires. The House creates a Tier 3 plan while the Senate version creates a Tier 4 plan. The President did ultimately sign HR 3458 in to law on November 6, 2009
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