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A06168 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A6168
 
SPONSOR: Lunsford
  TITLE OF BILL: An act to amend the labor law, in relation to increasing the unemploy- ment insurance minimum weekly benefit amount   PURPOSE OR GENERAL IDEA OF BILL: This bill increases the unemployment insurance minimum benefit amount to $650.   SUMMARY OF PROVISIONS: Section 1 amends section 590 of the labor law to increase the unemploy- ment insurance ("UI") minimum weekly benefit amount to $650 Section 2 sets forth the effective date.   JUSTIFICATION: New York's current UI benefit levels lag behind our higher cost of living, inflation rates, and the unemployment benefits of surrounding states. As unemployment is at the lowest point in decades, now is the time to create a new minimum UI 'benefit. Currently, inflation and cost of living make the current UI benefit grossly inadequate. Establishing a minimum UI benefit of $650 will ensure all New Yorkers can make ends meet while seeking other employ- ment. According to the Economic Policy Institute, women and workers of color are disproportionately disadvantaged by the current UI system because they are more likely to work in low-paying jobs, and thus receive lower UI benefits.i This bill would address that inequality as well as better compensate those seeking employment and avoid placing more families on other forms of public assistance.   PRIOR HISTORY: 2024: Similar Bill (A.6752/Lunsford) Died in Labor 2023: Similar Bill (A.6752/Lunsford) Died in Labor   FISCAL IMPLICATIONS: To be determined.   EFFECTIVE DATE: This act shall take effect on the sixtieth day after It shall have become a law.
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