Hi, my name is Thaaron Kalt from Casey Neilon and today is April 3. We’re going to be doing a series of short video clips, to help you keep up to date on the actions that are being taken in Washington DC to help all of us financially through one of the most challenging times in our nation’s history. These clips will let you know what relief is out there to help you, your family, and your employer.
Last week the President signed into law the CARES Act a $2 trillion stimulus package.
One of the key benefits of the stimulus package is expanded unemployment benefits. Anyone who is eligible for unemployment benefits under state or federal law will receive $600 per week, in addition to their regular unemployment compensation under state law, through July 2020.
If you remain unemployed after your state employment benefits are exhausted, the federal government will fund up to 13 weeks of additional unemployment benefits – for a total of 39 weeks of benefits.
The Act also creates a temporary, federally funded “Pandemic Unemployment Assistance” program for the self-employed, those seeking part time employment or those who have insufficient work history to otherwise qualify for unemployment benefits. This program also covers you if you have exhausted unemployment benefits and are unemployed or unable to work because of COVID-19. You are eligible for this benefit for up to 39 weeks from January 27 to December 31, 2020 and the weekly payments will equal 100% of your regular weekly compensation, but not less than $600.
Stay tuned for clips from my co-workers to help you learn about the other ways this stimulus package can help you.