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Bill

SB 2045

UNEMPLOYMENT-BENEFIT FORMULA

104th Regular Session Introduced by Chris Balkema

SB 2045 modifies Illinois's unemployment benefit calculation formula, affecting jobless worker payments and state insurance fund dynamics.

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WeVote Research Nonpartisan
Bill Summary · SB 2045

Legislative bill overview

SB 2045 proposes modifications to Illinois's unemployment benefit calculation formula. The bill, introduced by Sen. Chris Balkema, has just entered the legislative process and is currently in committee assignment stage. Specific formula changes are not yet publicly detailed in available records.

Why is this important

Unemployment benefit formulas directly affect how much jobless workers receive and for how long, impacting both individual financial security and state budget obligations. Changes to these formulas can significantly influence labor market participation, cost-of-living adequacy for benefit recipients, and state fiscal commitments to the unemployment insurance system.

Potential points of contention

  • Claimant impact: Whether formula changes increase or decrease benefit amounts, and whether adjustments account for inflation and regional cost-of-living differences
  • Employer contributions: Whether modifications affect payroll tax rates that employers pay into the unemployment system
  • System solvency: Whether changes address Illinois's historically underfunded unemployment trust fund or shift financial burdens between claimants, employers, and the state

Compiled from official sources — confirm details with the bill’s official record.

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