Unemployment Benefits Restored and Extended | New Rules

Unemployment Benefits Restored and Extended

On July 22, 2010, President Obama signed into law the Unemployment Compensation Extension Act of 2010.  This will reinstate long term unemployment benefits to over 2.5 million unemployed workers through November 2010.  Unemployed workers will need to reapply for benefits through their state unemployment offices, and the benefits will be reinstated retroactively back to June 2nd, when the benefits originally expired.

COBRA subsidy benefits were not extended as part of this law. Workers who lose their jobs after May 31, 2010 are not eligible for the subsidy.

Congress has been at a “stalemate” for the past two months on this issue, debating how to pay for this unemployment benefit extension.  The Senate finally voted to extend benefits on July 21, the House quickly voted to approve the measure on July 22, followed by the President.  See the full SHRM article.

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