This bill amends Section 96.3, subsection 5, paragraph a of the Iowa Code to increase the maximum total amount of unemployment benefits payable to an eligible individual during a benefit year. The current law caps these benefits at sixteen times the individual's weekly benefit amount, but the new legislation raises this cap to twenty-six times the individual's weekly benefit amount.

Additionally, the bill maintains provisions for calculating wage credits and specifies that benefits will be charged against the individual's base period wage credits in a specific order. It also includes a provision for individuals laid off due to their employer going out of business, allowing for an adjustment in wage credit calculations. Overall, the bill aims to provide greater financial support to unemployed individuals in Iowa.

Statutes affected:
Introduced: 96.3