Kentucky Statutes 341.4171 – Shared work weekly benefit amount calculation
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(1) The shared work weekly benefit amount shall be the product of the regular weekly unemployment compensation amount, as calculated under KRS § 341.380, multiplied by the percentage of reduction of at least ten percent (10%) in the individual’s usual weekly hours of work.
(2) An individual may be eligible for shared work benefits or regular benefits, as appropriate, except that no individual shall be eligible for regular benefits, shared work benefits, or a combination of regular benefits and shared work benefits in any benefit year in an amount more than the maximum benefit amount established for regular benefits in KRS § 341.380, nor shall an individual be paid shared work benefits for more than twenty-six (26) weeks, whether or not consecutive, in any benefit year pursuant to a shared work plan.
(3) The shared work benefits paid to an individual shall be deducted from the maximum benefit amount established for his or her benefit year under KRS
341.380.
(4) The secretary shall promulgate rules and procedures for the filing of claims for shared work benefits.
Effective: January 1, 2023
History: Created 2022 Ky. Acts ch. 21, sec. 17, effective January 1, 2023.
Legislative Research Commission Note (1/1/2023). 2022 Ky. Acts ch. 21, sec. 26, provides that the Act, which created this statute, may be cited as the Unemployment Insurance Sustainability Act of 2022.
(2) An individual may be eligible for shared work benefits or regular benefits, as appropriate, except that no individual shall be eligible for regular benefits, shared work benefits, or a combination of regular benefits and shared work benefits in any benefit year in an amount more than the maximum benefit amount established for regular benefits in KRS § 341.380, nor shall an individual be paid shared work benefits for more than twenty-six (26) weeks, whether or not consecutive, in any benefit year pursuant to a shared work plan.
Terms Used In Kentucky Statutes 341.4171
- Benefits: means the money payments payable to a worker under this chapter and under any previous unemployment compensation law of this state with respect to his unemployment. See Kentucky Statutes 341.020
- Commission: means the Unemployment Insurance Commission. See Kentucky Statutes 341.005
- Regular benefits: means benefits payable to a worker under this chapter or under an unemployment compensation law of any other state, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U. See Kentucky Statutes 341.096
- Secretary: means the secretary of the Education and Labor Cabinet or his or her duly authorized representative. See Kentucky Statutes 341.005
- Shared work benefits: means the unemployment compensation benefits payable to employees in an affected group under an approved plan as distinguished from the unemployment benefits otherwise payable under other provisions of this chapter. See Kentucky Statutes 341.096
- Statute: A law passed by a legislature.
- Year: means calendar year. See Kentucky Statutes 446.010
(3) The shared work benefits paid to an individual shall be deducted from the maximum benefit amount established for his or her benefit year under KRS
341.380.
(4) The secretary shall promulgate rules and procedures for the filing of claims for shared work benefits.
Effective: January 1, 2023
History: Created 2022 Ky. Acts ch. 21, sec. 17, effective January 1, 2023.
Legislative Research Commission Note (1/1/2023). 2022 Ky. Acts ch. 21, sec. 26, provides that the Act, which created this statute, may be cited as the Unemployment Insurance Sustainability Act of 2022.