Senate Bill 515 proposes significant changes to Wisconsin's unemployment insurance benefits, specifically regarding the maximum weekly benefit rate and the wage cap for eligibility. The bill increases the maximum weekly benefit rate from $370 to $497 for weeks of unemployment starting between January 4, 2026, and January 3, 2027. After this period, the benefit rate will be adjusted annually based on changes in the consumer price index. Additionally, the wage cap for eligibility will rise from $500 to $672 during the same timeframe, with future adjustments also tied to the consumer price index.

The bill also includes provisions for the Department of Workforce Development to set the maximum weekly benefit amount and wage limitations based on the consumer price index starting January 3, 2027. This ensures that both the benefit rate and wage cap will keep pace with inflation over time. The legislation aims to provide more substantial support to unemployed individuals while ensuring that the benefits remain relevant in the context of economic changes.

Statutes affected:
Bill Text: 227.01(13)(n), 227.01