Assembly Bill 532 proposes significant changes to Wisconsin's unemployment insurance benefits, primarily by increasing the maximum weekly benefit rate and adjusting the wage cap for eligibility. Currently, the maximum weekly benefit is capped at $370, but the bill raises this cap to $497 for weeks of unemployment starting between January 4, 2026, and January 3, 2027. After this period, the cap will be indexed to the consumer price index, allowing for annual adjustments. Additionally, the wage cap, which currently disqualifies individuals from receiving benefits if they earn more than $500 in a week, will be increased to $672 for 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 over time. 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 and the specific amounts for the wage limitation. Overall, the bill aims to enhance the financial support available to unemployed individuals in Wisconsin, reflecting changes in the economy and cost of living.

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