WASHINGTON (AP) — Millions of Americans will continue to receive long-term unemployment benefits under legislation approved Friday in Congress, but the scope of the program is being scaled back to cover fewer people by the end of the year.
The measure, which also extends a payroll tax cut through the rest of 2012, begins to wind down the program of extended federal jobless benefits that Congress first approved at the height of the recession. The bill reduces the current maximum 99 weeks of benefits to 73 weeks by September. For those in all but about a dozen of the highest unemployment states, benefits will be cut off after 63 weeks.
The benefits are for people out of work more than six months. The program has provided checks to about 18 million out-of-work Americans who exhausted the 26 weeks of state jobless benefits.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
