125th MAINE LEGISLATURE
LD 1777 LR 2553(01)
An Act To Correct an Inconsistency in the Employment Security Law
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Jackson of Aroostook
Committee: Labor, Commerce, Research and Economic Development
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
Unemployment Compensation Trust Fund Impact
Fiscal Detail and Notes
Allowing a claimant who receives a pension that was fully funded by the base period employer to receive a prorated weekly unemployment benefit is not expected to significantly impact the Unemployment Compensation Trust Fund.  According to information provided by the Center for Workforce Research and Information within the Department of Labor, 62,830 new initial claims were filed for the Regular Benefit program during calendar year 2011.  Of those, approximately 13 individuals would have received some level of benefits had this provision been in place at an estimated cost of $36,100.  The total regular benefits paid in 2011 was $191 million.