This bill amends Section 96.3, subsection 5, paragraph a of the Iowa Code to increase the maximum amount of unemployment benefits payable to eligible individuals during a benefit year. The current law limits the benefits to a maximum of sixteen times the individual's weekly benefit amount. The proposed change will raise this limit to twenty-six times the individual's weekly benefit amount, while still ensuring that the total does not exceed the wage credits accrued in the individual's account during their base period.

Additionally, the bill maintains provisions for individuals laid off due to their employer going out of business, allowing for the recomputation of wage credits and extending the maximum benefits payable under certain conditions. This adjustment aims to provide greater financial support to unemployed individuals during challenging economic times.

Statutes affected:
Introduced: 96.3