§ 8.3-703. Calculation of benefits
West's Annotated Code of MarylandLabor and EmploymentEffective: June 1, 2023
Effective: June 1, 2023
MD Code, Labor and Employment, § 8.3-703
§ 8.3-703. Calculation of benefits
(a) For the purposes of this section:
(b)(1) Subject to paragraphs (2) and (3) of this subsection, the weekly benefit amount payable to a covered individual under this title shall be:
(c)(1) Except as provided in paragraph (2) of this subsection, an increase in the weekly benefit amount under subsection (b)(4) of this section applies only to a claim for benefits that begins after the date the increase becomes effective.
(d) The Department shall:
(e)(1) In this subsection, “Board” means the Board of Public Works.
(2) Subject to paragraph (4) of this subsection, on or before September 1 each year, beginning in 2026, the Board shall determine whether the seasonally adjusted total employment from the Current Employment Statistics series as reported by the U.S. Bureau of Labor Statistics for the most recent 6-month period is negative as compared with the immediately preceding 6-month period.
(3)(i) Subject to paragraph (4) of this subsection, the Board may temporarily suspend an increase in the maximum weekly benefit specified under subsection (b)(3)(ii) of this section if the Board determined under paragraph (2) of this subsection that the seasonally adjusted total employment is negative.
(ii) If the seasonally adjusted total employment is negative, the Board may consider the performance of State revenues in the immediately preceding 6 months, as reported by the Office of the Comptroller, in determining whether to temporarily suspend an increase to the maximum weekly benefit specified under subsection (b)(3)(ii) of this section.
Credits
Added by Acts 2022, c. 48, § 1, eff. Jan. 1, 2023. Amended by Acts 2023, c. 258, § 1, eff. June 1, 2023; Acts 2023, c. 259, § 1, eff. June 1, 2023.
MD Code, Labor and Employment, § 8.3-703, MD LABOR & EMPLY § 8.3-703
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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