Staying Prepared With Unemployment Insurance

Staying Prepared With Unemployment Insurance

Staying Prepared With Unemployment Insurance
Unemployment insurance is​ intended to​ be a​ social insurance program that provides temporary benefits to​ unemployed workers,​ and imposes payroll taxes on​ covered employers .​
It was created in​ response to​ the​ Great Depression,​ when millions lost their jobs .​
It was legalized in​ 1935 as​ a​ part of​ the​ Social Security Act.
Benefits of​ Unemployement Insurance:
Unemployment insurance replaces a​ part of​ your income when you​ lose your job,​ for no fault of​ your own .​
If your employer has laid you​ off,​ then you​ are potentially eligible to​ collect the​ benefits for at​ least 26 weeks,​ until you​ are recalled,​ find another job or​ leave the​ workforce .​
In general,​ the​ amount of​ benefit is​ based on​ the​ percentage of​ earning of​ an​ individual,​ over a​ recent period of​ 52 weeks .​
Many unemployed workers are also provided 50 to​ 60 percent of​ their previous wages,​ but this would depend on​ the​ state they live in​ .​
Each state in​ the​ US works on​ a​ different unemployment insurance plan,​ while the​ federal law determines the​ guidelines of​ each program .​
This insurance makes sure that the​ purchasing power of​ the​ citizen is​ maintained .​
The money for providing these benefits comes from the​ tax that is​ imposed on​ the​ employers .​
No contribution comes from the​ wages of​ employees .​
Some States may provide additional benefits for some specific purposes.
Eligibility For Insurance Benefits:
The state law determines the​ eligibility,​ amount,​ and the​ length of​ time the​ benefits will be available to​ an​ individual .​
The amount of​ benefit depends on​ the​ kind of​ work that you​ have performed .​
Your recent work record for a​ period of​ 12 months is​ known as​ the​ base year .​
The claim for unemployment insurance will be based on​ this base year .​
In Oregon,​ 104 dollars per week is​ the​ minimum benefit .​
The maximum benefit a​ worker can receive is​ 445 dollars per week .​
If your wages are 8,​112 dollars during the​ qualifying period,​ you​ can become eligible for benefits for 26 weeks .​
In case of​ lower qualifying wages,​ however,​ you​ will receive just one third of​ the​ amount.
If you​ want to​ file a​ claim for unemployment insurance you​ need to​ contact the​ State Unemployment Insurance agency as​ soon as​ possible .​
You can also file it​ on​ the​ Internet or​ by telephone .​
You will receive your first benefit check within two to​ three weeks of​ filing the​ claim .​
Some states have a​ waiting period of​ one week .​
It is​ important to​ give all the​ information about your former employment when you​ file the​ claim,​ to​ ensure that the​ process is​ not delayed.
The eligibility for collecting additional benefits starts after an​ unemployed worker has exhausted other unemployment insurance benefits .​
The State agency can offer you​ advice on​ your eligibility for these additional benefits.
Reasons for Disqualification:
If your reason for staying out of​ a​ job is​ because of​ something other than the​ lack of​ work opportunities,​ then the​ State agency will determine if​ you​ are eligible for the​ benefits or​ not .​
In case of​ a​ disqualification,​ you​ can file an​ appeal within an​ established period .​
Your employer can also file a​ counter appeal if​ he/she disputes the​ genuineness of​ your eligibility.
Therefore,​ if​ you​ are eligible for unemployment insurance,​ then get in​ touch with the​ State Unemployment Insurance agency as​ soon as​ possible to​ be able to​ overcome the​ financial crisis that results from being unemployed.

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