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SB 2887

UNEMPLOYMENT-BENEFIT FORMULA

104th Regular Session Introduced by Chris Balkema

Illinois bill SB 2887 modifies unemployment benefit calculations, affecting worker payouts and state program costs pending committee review of specific formula changes.

Referred to Assignments
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WeVote Research Nonpartisan
Bill Summary · SB 2887

Legislative bill overview

SB 2887 would modify Illinois's unemployment insurance benefit calculation formula. The bill has just been introduced and referred to committee, so specific formula changes are not yet detailed in publicly available summaries. This is an early-stage bill that will require committee review before substantive details emerge.

Why is this important

Unemployment benefit formulas directly affect how much income workers receive during job loss periods, influencing both individual financial security and state program costs. Changes to these formulas can have significant consequences for workers, employers who pay into the system, and state budgets—making this a consequential policy decision that warrants careful analysis.

Potential points of contention

  • Worker vs. employer interests: Changes that increase benefits help displaced workers but raise costs for employers; reductions do the opposite
  • State fiscal impact: Benefit formula changes affect the solvency of Illinois's unemployment trust fund and may require tax adjustments
  • Program adequacy debate: Disagreement over whether current benefits provide adequate income replacement or create work disincentives

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

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