Quote:
Originally Posted by melissa728
You are the best! Thanks so much for clearing that up for me!!
You have a good night!
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No problem! Just in case you are interested in the details...
EB was traditionally funded 50% by the federal government and 50% by the state. As part of the stimulus act in 2009, the federal government assumed 100% funding of EB.
But this 100% federal funding provided by the stimulus act expires at around the same time as the eligibility cut-off dates for the EUC Tiers program. At that time, EB reverts to 50% federal/50% state funding -- unless Congress renews 100% federal funding.
Many states have revised their rules for EB -- now offering it only when it is funded 100% by the federal government. Other states -- like New Jersey -- have retained the original funding rules, and they do provide EB even when they must supply 50% of the funding, as long as they meet the necessary unemployment rate triggers. Those triggers are a three-month average unemployment rate of at least 6% for EB; at least 8% for High EB.
New Jersey meets those triggers easily, so they are required to continue paying EB under state law.