On Apr. 2, VA LEG enacted bill to increase weekly unemployment pay.
VA LEG passed bill HB 1766/SB 1056 in order to amend VA FIN 602-6-2-60.2-602, Weekly benefit amount, to increase weekly unemployment compensation benefits.
Bill Provisions
An eligible individual's weekly unemployment compensation benefit amount shall be $100 higher than the current weekly benefit amount, for claims on/after Jan. 1, 2026.
Commission on Unemployment Compensation to convene work group to study making annual adjustments to weekly benefit amounts based on the average weekly wage.
Once effective, weekly unemployment compensation paid for a maximum of 26 weeks.
Legislative History
On Jan. 5, 2025, bill introduced in House; on Feb 4, 2025, bill passed the House.
On Feb. 5, 2025, bill introduced in Senate; on Feb. 19, 2025, bill substitute passed.
On Apr. 2, 2025, governor signed bill into law, was assigned as Act Chapter 640.
Effectiveness
Act Ch. 640 will become effective Jul. 1, 2025.
Regulators
VA LEG
Entity Types
Corp; Ins
Reference
Ch. 640, HB1766, SB1056 4/2/2025; Citation: VA FIN 602-6-2-60.2-602;
Functions
Compliance; Financial; HR; Product Administration; Reporting; Research
