Posted by: Admin | January 4, 2010

New Jersey Unemployment Cap Rises

While I love living in New Jersey, you’d rarely hear me happy about anything related to NJ taxation.  We are one of the most costly states in the country (almost across the board) but I will admit that the one and only time you’ll ever hear me compliment the system, is when it comes to unemployment payments.

New Jersey happens to have one of the highest payment structures when it comes to collecting unemployment benefits and I am certainly grateful for this (Click HERE to see benefits by state). And they announced, what seems to be good news today.

Here’s a copy of the article which actually shows that as of January 1st, the caps on a variety of support programs have increased.  The crappy part here is they do NOT automatically adjust for anyone who is already collecting… which I personally think is a complete crock of… you know what.

N.J. weekly unemployment cap rises to $600

By Leslie Kwoh/The Star-Ledger

January 04, 2010, 3:54PM

Jobless.jpgThe state has raised the weekly maximum benefits for unemployment, disability, family leave and workers’ compensation claims. The caps have increased for weekly unemployment benefits and other government support programs for New Jerseyans, according to the state Department of Labor and Workforce Development.

Effective Jan.1, the weekly maximum rose to $600, from $584, for unemployment benefit claims; to $561, from $546, for temporary disability and family leave insurance; and to $794, from $773, for workers’ compensation.

The new weekly maximums apply only to claims established on or after Jan. 1., said Kevin Smith, a department spokesman. Claims established last year will continue to be governed by the old caps. Meanwhile, the federal government’s additional $25 boost for weekly unemployment claimants will continue through February, he said.

The caps are recalculated each year based on changes in the statewide average weekly wage, which rose to $1,059 in 2008, from $1,031 the year before, according to the department.

 

I just wanted to share this info in case any of you are in NJ and may be impacted by this info.  Hopefully it helps you out more than it helps me!

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