By Kevin Liptak, Kate Bennett, Tami Luhby, Kaitlan Collins, Jason Hoffman, Phil Mattingly and Jeremy Diamond, CNN
President Donald Trump signed the massive $2.3 trillion coronavirus relief and government funding bill into law Sunday night, averting a government shutdown that was set to begin on Tuesday, and extending billions of dollars in coronavirus aid to millions.
Trump’s signature of the $900 billion Covid relief package extends unemployment benefits for millions of jobless gig-workers and independent contractors, as well as the long-term unemployed.
The estimated 12 million people in two key pandemic unemployment programs, who were facing their last payment this weekend, will now receive benefits for another 11 weeks. Plus, all those collecting jobless payments will receive a $300 weekly federal boost through mid-March.
Tuesday, December 29, 2020
For employers, there are two key elements of the stimulus package that you should be aware of:
Unemployment Insurance (UI)
The package provides that individuals receiving unemployment benefits will receive an additional $300 per week in federal UI benefits for up to 11 weeks through March 14, 2021. As you may recall, the Coronavirus Aid, Relief, and Economic Security Act (more familiarly known as the CARES Act) provided recipients of state unemployment benefits with a $600 supplement, which expired in July 2020. The package’s $300 federal payment is, likewise, in addition to payments that individuals receive from their state unemployment programs.
In addition, it extends the Pandemic Unemployment Assistance (PUA) and the Pandemic Emergency Unemployment Compensation (PEUC) programs. The PUA program provides federally funded benefits to individuals who do not otherwise qualify for state unemployment benefits, such as self-employed work
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