Assembly Bill 532 proposes significant changes to Wisconsin's unemployment insurance benefits. The bill increases the maximum weekly unemployment benefit rate from the current cap of $370 to $497 for weeks of unemployment starting between January 4, 2026, and January 3, 2027. After this period, the maximum benefit will be adjusted annually based on changes in the consumer price index. Additionally, the wage cap for eligibility to receive benefits 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, ensuring that these figures remain relevant to economic conditions. The language of the bill renumbers and amends existing statutes to incorporate these changes, including the creation of new subsections that outline the indexing process for future adjustments. Overall, the bill aims to enhance the financial support available to unemployed individuals in Wisconsin, reflecting the need for benefits that keep pace with inflation and wage changes.

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