Maine will apply for federal program to boost unemployment benefits
Bangor Daily News (ME)
Aug. 21--Maine will apply for a federal emergency program to provide an additional $300 per week in unemployment insurance to workers receiving benefits, the state's labor department announced Friday.
President Donald Trump authorized the federal government to pay for supplemental unemployment benefits through a program from the Federal Emergency Management Agency in early August, but Maine officials were waiting for guidance on how to implement the order. Some lawmakers questioned whether the program was constitutional, since usually only Congress has the power to allocate money.
Congress authorized an additional $600 per week in unemployment benefits as part of a coronavirus relief bill in March, but that program expired at the end of July. Trump's authorization is slightly narrower than what Congress had done, with only individuals already making at least $100 per week in unemployment benefits eligible for additional funds.
Trump authorized $44 billion for the program, which is expected to only cover about five weeks of payments.
The Maine Department of Labor said Friday that it anticipates taking about three weeks to set up the program. Once Maine receives funding, benefits would be paid retroactively starting with the week when previous federal benefits expired. Individuals do not need to apply separately for the benefits.
___
(c)2020 the Bangor Daily News (Bangor, Maine)
Visit the Bangor Daily News (Bangor, Maine) at www.bangordailynews.com
Gavin Newsom says Donald Trump is sending wildfire aid to California despite his public remarks
State insurance commissioner, advocacy group reverse opposition to wildfire bill following amendments
Advisor News
- DOL proposes new independent contractor rule; industry is ‘encouraged’
- Trump proposes retirement savings plan for Americans without one
- Millennials seek trusted financial advice as they build and inherit wealth
- NAIFA: Financial professionals are essential to the success of Trump Accounts
- Changes, personalization impacting retirement plans for 2026
More Advisor NewsAnnuity News
- F&G joins Voya’s annuity platform
- Regulators ponder how to tamp down annuity illustrations as high as 27%
- Annual annuity reviews: leverage them to keep clients engaged
- Symetra Enhances Fixed Indexed Annuities, Introduces New Franklin Large Cap Value 15% ER Index
- Ancient Financial Launches as a Strategic Asset Management and Reinsurance Holding Company, Announces Agreement to Acquire F&G Life Re Ltd.
More Annuity NewsHealth/Employee Benefits News
- New Insurance Study Findings Have Been Reported from University of South Carolina (Brokering a new path: navigating administrative burdens in the health insurance Marketplaces): Insurance
- Medicaid disenrollment spikes at age 19, study finds: University of Chicago
- How might carriers respond to drop in ACA enrollment?
- CalOptima reports steep membership drop as providers brace for surge in uninsured patients
- Why Hospitality Owners in South Carolina Need Specialized Group Health Insurance Guidance
More Health/Employee Benefits NewsLife Insurance News