State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
April 12, 2011
NY Governor Signs UI Benefits Extension

Governor Andrew Cuomo recently signed into law a measure extending federally-funded unemployment insurance benefits through 2011. Without this new law, the state would not be able to continue to pay a total of 93 weeks of benefits and would have forfeited $620 million in federal payments to the unemployed, negatively impacting approximately 166,000 New Yorkers, Cuomo said.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

The legislation allows the state to continue to participate in a federal unemployment insurance program that was recently extended for a third year. Under the program, benefits are fully federally-funded.

“This measure will ensure out-of-work New Yorkers will continue to have a federally-funded safety net to help them weather this prolonged economic downturn,” Governor Cuomo said. “Re-entering the workforce can be daunting and time consuming. This law provides basic relief for the thousands of job-hunters across the state.”

Senator Joseph Robach, sponsor of the Governor’s bill, said, “I am glad that quick legislative action has allowed us to access federal funds to assist those on unemployment during these challenging economic times. Hopefully, the economy will improve with more private-sector jobs and relief for all.”

Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB02
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Performance-Termination/Unemployment-Compensation-Insurance/NY-Governor-Signs-UI-Benefits-Extension/