Kentucky Statutes 341.730 – Total extended benefit amount — Formula for high unemployment periods
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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%).
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 99, sec. 2, effective July 15, 2010. — Created
1972 Ky. Acts ch. 21, sec. 37.
(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
Terms Used In Kentucky Statutes 341.730
- Benefits: means the money payments payable to a worker under this chapter and under any previous unemployment compensation law of this state with respect to his unemployment. See Kentucky Statutes 341.020
- Week: means such period of seven (7) consecutive calendar days as the cabinet prescribes in administrative regulation. See Kentucky Statutes 341.080
- Year: means calendar year. See Kentucky Statutes 446.010
(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%).
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 99, sec. 2, effective July 15, 2010. — Created
1972 Ky. Acts ch. 21, sec. 37.