How Long Does Unemployment Benefits LastHow Long Does Unemployment Benefits Last ?

 
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How Long Does Unemployment Benefits Last ?

If you have been unemployed and have already been receiving unemployment benefits, then you should know some basic information as to how long can you receive these benefits, and how far will you be eligible for additional benefits.

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Unfortunately, how long will your receive your benefits is a very difficult question to answer. The standard time period is 26 weeks, but beyond that there will be several factors taken into consideration in order to extend the period to receive the benefits. The size of your benefit and the duration you have been drawing your payments will be reviewed by the Department of Labor.

There are two factors for calculating your benefits. One is the benefit year or the year where the recepient started receiving the benefits. The other is the base period, while is the actual time period for which the recipient has been receiving the benefit payments. It is the benefit year that is taken into account when determining the amount a person earned during that year and that is what is paid to you in the base period.

The amount of benefit widely differs from one state to the next. There are two or three standard methods that are used to compute the benefit payments. Most states have a standard duration for receiving the benefits. However some states differ, like if you are a resident of Montana, then the payment will be made for a maximum period of 28 weeks, in Massachusetts it is 30, and in most other states it is 26. One quarter of the wages you earn in the base period is given as your benefits. So, as a rule a person will receive unemployment benefits worth 23 weeks only.

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How Long Does Unemployment Benefits Last

 

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How-Much-Unemployment-Benefits      Unemployment benefits are also known as unemployment insurance, and are given by all states. Unemployment insurance is actually funded by the employers. The Federal Labor Law instructs the employers to pay a yearly amount for each one of their employees towards the unemployment insurance. This amount is indicated in the tax benefit and is acknowledged by the IRS. More..

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