341.730 Total extended benefit amount -- Formula for high unemployment periods.

165 words·~1 min read·/ky/chapter-341/341-730

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The total extended benefit amount payable to any eligible worker with respect to his applicable benefit year shall be the least of the following amounts:

(1)Fifty percent (50%) of the maximum amount of regular benefits which were payable

to him under this chapter in his applicable benefit year; or

(2)Thirteen

(13)times the weekly benefit rate which was payable to him under this

chapter for a week of total unemployment in the applicable benefit year.

(3)Effective with respect to weeks beginning in a high unemployment period,

subsections

(1)and

(2)of this section shall be applied by substituting:

(a)Eighty percent (80%) for fifty percent (50%) in subsection

(1)of this section;

and

(b)Twenty

(20)for thirteen

(13)in subsection

(2)of this section.

As used in this subsection, "high unemployment period" means any period during

which an extended benefit period would be in effect if KRS 341.094(3) were

applied by substituting eight percent (8%) for six and one-half percent (6.5%).