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A11019 Summary:

BILL NOA11019
 
SAME ASNo Same As
 
SPONSORForrest
 
COSPNSR
 
MLTSPNSR
 
Amd §529, Lab L
 
Requires that the average annual wage and average weekly wage of the state of New York, which determine the maximum cap for unemployment insurance benefits, be adjusted for inflation each year.
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A11019 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          11019
 
                   IN ASSEMBLY
 
                                     April 21, 2026
                                       ___________
 
        Introduced  by M. of A. FORREST -- read once and referred to the Commit-
          tee on Labor
 
        AN ACT to amend the labor law,  in  relation  to  indexing  unemployment
          benefits to inflation
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 529 of the labor law, as added by section 3 of part
     2  O of chapter 57 of the laws of 2013, and subdivision  1  as  amended  by
     3  section  2  of  part KK of chapter 56 of the laws of 2025, is amended to
     4  read as follows:
     5    § 529. Average annual wage; average weekly  wage.    1.  The  "average
     6  annual  wage"  shall be the average annual wage of the state of New York
     7  for the previous calendar year as  determined  by  the  commissioner  no
     8  later  than  the  thirty-first day of May of each year, increased by the
     9  rate of inflation, if greater than zero, as based on the consumer  price
    10  index  for  the previous calendar year, as reported by the United States
    11  bureau of labor statistics.  For purposes of calculating "wages"  pursu-
    12  ant to paragraph (a) of subdivision one of section five hundred eighteen
    13  of  this title only, the "average annual wage" shall be calculated using
    14  the four most recent quarters of  published  New  York  state  quarterly
    15  census of employment and wages data.
    16    2.  The  "average weekly wage" shall be the average weekly wage of the
    17  state of New York for the previous calendar year, as determined  by  the
    18  commissioner  no  later  than  the thirty-first day of May of each year,
    19  increased by the rate of inflation, if greater than zero,  as  based  on
    20  the  consumer price index for the previous calendar year, as reported by
    21  the United States bureau of labor statistics.
    22    § 2. This act shall take effect on the first of January next  succeed-
    23  ing the date on which it shall have become a law.
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15609-01-6
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