Mississippi 2024 Regular Session

Mississippi House Bill HB555

Introduced
1/24/24  
Refer
1/24/24  

Caption

Unemployment compensation; revise weekly benefit amount for.

Impact

If enacted, this bill will have significant implications for the state's unemployment compensation system. It stipulates specific minimum benefit amounts that correspond to various brackets of wages earned. For example, individuals who earned over $100,000 can receive a maximum of $1,000 per week, while those earning less will have lower benefit limits, down to $250 for those making $25,000 or less. This structured approach expands potential support for previously stated categories of workers and intends to stabilize financial assistance during unemployment periods.

Summary

House Bill 555 is a legislative act proposed in Mississippi aimed at amending Section 71-5-503 of the Mississippi Code of 1972, which relates to unemployment compensation. The primary focus of this bill is to revise the minimum weekly benefit amount that eligible individuals can receive when they are unemployed. The weekly benefit will be calculated based on an individual's total wages during their highest earning quarter of the base period. This aims to ensure that those receiving unemployment compensation are equitably supported based on their previous earnings.

Contention

The discussions around HB 555 may center on the adequacy of the proposed minimum benefits in addressing the needs of the unemployed. Advocates for the bill may argue that the revisions are necessary for reflecting the current economic conditions and ensuring that unemployed workers receive sufficient support to meet basic needs. Conversely, opponents could express concerns about the sustainability of these benefit amounts, particularly in light of fluctuating economic conditions and the potential strain on the state’s unemployment compensation fund as a result of increasing these benefits.

Companion Bills

No companion bills found.

Previously Filed As

MS HB182

Unemployment compensation; revise weekly benefit amount for.

MS HB588

Office of Workforce Development; revise funding mechanism for and revise powers and duties of.

MS HB200

Workers' Compensation Law; increase maximum total recovery under to 520 weeks.

MS SB2393

Workers' compensation; increase maximum total recovery, remove permanent total disability compensation cap.

MS SB2229

Workers' compensation; increase maximum total recovery and remove cap on permanent total disability compensation.

MS SB2810

MS Workforce Training and Education Act; extend repealer on the act and in 2004 chapter law for conforming sections.

MS HB1156

Mississippi Worforce Training and Education Act; extend repealer in 2004 chapter law comforming code sections.

MS SB2552

MS Comprehensive Workforce Training & Education Consolidation Act of 2004; extend repealer on code sections conformed to.

MS HB564

MS Workforce Training and Education Act; extend repealer and codify repealers on conforming statutes.

MS HB892

MS Workforce Training and Education Act; extend repealer on act and delete repealer on sections amended to conform in 2004.

Similar Bills

MS HB323

Unemployment compensation; revise weekly benefit amount for.

MS HB424

Unemployment compensation; revise weekly benefit amount for.

MS HB182

Unemployment compensation; revise weekly benefit amount for.

MS HB1112

"Back to Work Mississippi Act"; create.

MS HB53

Income tax; authorize credit for employers of convicted felons, prohibit certain criminal record/history checks.

MS HB738

Income tax; authorize credit for employers of convicted felons, prohibit certain criminal record/history checks.

MS HB14

Income tax; authorize credit for employers of convicted felons, prohibit certain criminal record/history checks.

MS SB2719

Workforce enhancement training fund; authorize use for workforce-related postsecondary education programs.