341.380 Benefits, how paid -- Calculation of amount -- Increase in maximum
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/ky/341-380A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
weekly benefit rate.
(1)All benefits shall be paid through employment offices, or such other agencies as
may be designated by regulations of the secretary. Claims for all payments of
benefits shall be made in accordance with regulations of the secretary.
(2)The weekly benefit rate payable to an eligible worker for weeks of unemployment
shall, except as provided in KRS 341.390, be an amount equal to one and three
thousand seventy-eight ten-thousandths percent (1.3078%) of his or her total base-
period wages, except that no worker's weekly benefit amount shall be less than
thirty-nine dollars ($39), nor more than the maximum rate as determined in
accordance with subsection
(3)of this section. For claims effective on or after
January 1, 2012, the weekly benefit rate shall, except as provided in KRS 341.390,
be one and one thousand nine hundred twenty-three ten-thousandths percent
(1.1923%) of his or her total base-period wages, except that no worker's weekly
benefit amount shall be less than thirty-nine dollars ($39) nor more than the
maximum rate as determined in accordance with subsection
(3)of this section.
(3)Prior to the first day of July of each year the secretary shall determine the average
weekly wage for insured employment by dividing the average monthly
employment, as obtained by dividing the total monthly employment reported by
subject employers for the preceding calendar year by twelve (12), into the total
wages reported by such employers for such calendar year and dividing by fifty-two
(52). Fifty-five percent (55%) of the amount thus obtained, adjusted to the nearest
multiple of one dollar ($1), shall constitute the maximum weekly benefit rate for
those workers whose benefit year commences on or after the first day of July of
such year and prior to the first day of July of the next following year; beginning in
calendar year 1999, or any subsequent year in which the increase in the weekly
benefit rate calculation set forth in subsection
(2)of this section should take effect,
sixty-two percent (62%) of the average weekly wage, adjusted to the nearest
multiple of one dollar ($1), shall constitute the maximum weekly benefit rate for
those workers whose benefit year commences on or after the first day of July of that
year and prior to the first day of July of the next following year; except that for the
benefit years beginning on or after July 1, 1982, if the "trust fund balance" as of
September 30 immediately preceding the benefit year is less than one hundred
twenty million dollars ($120,000,000), the maximum weekly benefit rate shall not
exceed the prior year's maximum weekly benefit rate. If such "trust fund balance"
as of September 30 immediately preceding the benefit year:
(a)Equals or exceeds one hundred twenty million dollars ($120,000,000), but is
less than two hundred million dollars ($200,000,000), the maximum weekly
benefit rate shall not exceed the prior year's maximum weekly benefit rate by
more than six percent (6%). The rate thus determined shall be adjusted to the
nearest multiple of one dollar ($1);
(b)Equals or exceeds two hundred million dollars ($200,000,000), but is less than
three hundred million dollars ($300,000,000), the maximum weekly benefit
rate shall not exceed the prior year's maximum weekly benefit rate by more
than eight percent (8%). The rate thus determined shall be adjusted to the
nearest multiple of one dollar ($1);
(c)Equals or exceeds three hundred million dollars ($300,000,000), but is less
than four hundred million dollars ($400,000,000), the maximum weekly
benefit rate shall not exceed the prior year's maximum weekly benefit rate by
more than ten percent (10%). The rate thus determined shall be adjusted to the
nearest multiple of one dollar ($1);
(d)Equals or exceeds four hundred million dollars ($400,000,000), but is less
than five hundred million dollars ($500,000,000), the maximum weekly
benefit rate shall not exceed the prior year's maximum weekly benefit rate by
more than twelve percent (12%). The rate thus determined shall be adjusted to
the nearest multiple of one dollar ($1);
(e)Equals or exceeds five hundred million dollars ($500,000,000), the maximum
weekly benefit rate shall not exceed the prior year's maximum weekly benefit
rate by more than fifteen percent (15%). The rate thus determined shall be
adjusted to the nearest multiple of one dollar ($1); and
(f)Is such that it resulted in the establishment of an employer contribution rate
schedule, as provided for in KRS 341.270, for the current calendar year which
has a higher minimum rate than the schedule in effect for the immediately
preceding calendar year, the maximum weekly benefit rate shall not exceed
the prior year's maximum weekly benefit rate.
(4)The maximum amount of benefits payable to any worker within any benefit year
shall be the amount equal to whichever is the lesser of:
(a)His or her weekly benefit rate times the applicable number of weeks for which
benefits are available to him or her as calculated in KRS 341.385; or
(b)One-third (1/3) of his or her base-period wages, except that no worker's
maximum amount shall be less than twelve
(12)times his or her weekly
benefit rate. Such maximum amount, if not a multiple of one dollar ($1), shall
be adjusted to the nearest multiple of one dollar ($1).