Sponsors: Lyons Chevrolet, Buick, GMC, First Commerce Bank, Ok Tire and Brake, Blalock Plumbing & Electric
Sponsors: Roberts Toyota, First Commerce Bank, Lyons Chevrolet, Buick, and GMC, Michael Wealth Management, Pizza Hut
Sponsors: First Commerce Bank, Griffin Cook & Sons, First National Bank, Lyons Chevrolet, Buick, and GMC, Michael Wealth Management, H&S Pharmacy, Mercy Community Healthcare, Blalock Plumbing and Heating, Davis Law Firm, David Jent Realty & Auction
Sponsors: First Commerce Bank, Ledford Employee Exchange, H&S Pharmacy, John Karby - Edward Jones Investments
|Federal Law Requires Reduction To Federal Unemployment Benefits|
State Unemployment Benefits Are Not Affected
NASHVILLE – The Budget Control Act of 2011, also known as “sequestration,” requires budget reductions to many federal programs, including the Emergency Unemployment Compensation (EUC) program. To meet the federal requirement for sequestration for fiscal year 2014, Tennessee must reduce all federal EUC benefits paid on or after October 5, 2013, by 4.4 percent.
EUC claims that are mid-tier as of October 5, 2013, will continue at the same weekly amount until the current EUC tier ends. All new EUC claims and EUC claims that transition to a new tier as of the week ending October 5, 2013, or later, will be reduced by 4.4 percent.
Approximately 20,000 Tennessee claimants currently receiving EUC or transitioning into EUC from Tennessee Unemployment Compensation program will be affected. Benefits received under the state’s unemployment compensation program, generally the first 26 weeks (maximum) of available benefits, will not be reduced.
Claimants are being notified of the reduction during their weekly Internet or telephone certification.