Wolters Kluwer Offers Guidance on Unemployment Benefits as $600 CARES Act Benefit Approaches July 31 Expiration
Retrieved on:
Wednesday, July 29, 2020
This expiration precedes 13 weeks of additional unemployment insurance under the Pandemic Emergency Unemployment Compensation (PEUC) program that is scheduled to end on or before December 31.
Key Points:
- This expiration precedes 13 weeks of additional unemployment insurance under the Pandemic Emergency Unemployment Compensation (PEUC) program that is scheduled to end on or before December 31.
- For individuals collecting state unemployment insurance benefits, the benefit amount will decrease.
- Individuals who are covered under the Pandemic Unemployment Assistance (PUA), and are therefore not eligible for state unemployment benefits or extended benefits, face a greater impact if the $600 benefit is not extended, potentially risking the loss of all benefits.
- These extended benefits are payable only after an individual has exhausted regular benefits and the 13 weeks of PEUC benefits.