RALEIGH, N.C. (AP) — North Carolina legislators agreed Wednesday to cut payments to future jobless workers and raise business taxes to hasten repayment of $2.5 billion owed to the federal government because the state couldn't keep up with benefit requests during the recession.
The Republican-controlled Senate's 36-12 vote in favor of the state unemployment system overhaul sends the changes to Gov. Pat McCrory for his signature. Several liberal-leaning groups have urged McCrory to veto the bill, but he has said he supports the plan.
"We're going to pay down that debt, make the system solvent and provide an economic climate that allows businesses, large and small, to put people back to work," McCrory said in a statement after the final vote.
Maximum weekly benefits would fall more than one-third — from $535 to $350 — for new jobless claims starting July 1. The maximum number of benefit weeks would fall from 26 weeks to a sliding scale of 12 to 20 weeks.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
