Sec. 233. Permissible use of Workforce Innovation and Opportunity Act funds for wage insurance
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Chapter 3 of subtitle B of title I of the Workforce Innovation and Opportunity Act ( 29 U.S.C. 3171 et seq.) is amended by adding at the end the following: A State may use funds allotted to the State under this chapter to provide a wage insurance program for individuals who file a claim under any State unemployment compensation law. The wage insurance program provided for in subsection
(a)may pay, for a period not to exceed 2 years, to a worker described in subsection (c), up to 50 percent of the difference between— the average of the wages received by the worker over the last twelve months of employment; and the wages received by the worker from reemployment. The benefits described in subsection
(b)may be paid to an individual who is a claimant for unemployment compensation at the time such individual obtains reemployment and who— is at least 50 years of age, or 45 years of age if such individual lives in a distressed community; earns not more than $50,000 per year in wages from reemployment; is employed on a full-time basis as defined by the law of the State; and is not employed by the employer from which the individual was last separated. A State shall establish a maximum amount of payments per individual for purposes of payments described in subsection
(b)during the eligibility period described in such subsection. An employee shall report an increase in wages during the two-year period of participating in the wage insurance program and their total amount of payments shall reflect any modification. An employer shall not pay a worker described in subsection
(c)less than such employer pays to another worker in the same or substantially equivalent position. The term distressed community means a geographic unit, as defined by the Secretary of Commerce, with— a low per capita income; an unemployment rate below the national average; or actual or threatened severe unemployment or economic adjustment problems. . Section 136 of the Workforce Innovation and Opportunity Act ( 29 U.S.C. 3181 ) is amended by adding at the end the following: There are authorized to be appropriated to carry out the activities described in section 135 such sums as may be necessary for fiscal year 2023 and each fiscal year thereafter. .
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Sec. 233
Permissible use of Workforce Innovation and Opportunity Act funds for wage insurance
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