TRENTON The New Jersey Department of Labor and Workforce Development (NJDOL) announced changes to the Maximum Benefit Rates and Taxable Wage Base, which will take effect Jan. 1 for its Unemployment Insurance, Temporary Disability Insurance, Family Vacation Insurance, and Workers Compensation programs.
From January 1, the maximum weekly benefit amount for unemployment insurance beneficiaries increasess to $ 731, from $713. The maximum weekly benefit for state insurance claims for temporary disability and family leave increasess to $903, from $881, while the maximum weekly benefit for employee compensation rises to $ 969from $ 945.
The maximum benefit rates and taxable wage base are recalculated each year based on the national average weekly wage in accordance with the laws governing these programs. Benefit rates and taxable wage base for 2021 reflect the average weekly wage of $ 1,291.42 for 2019, up 2.5 percent from $ 1,259.82 in 2018.
The amount of wage taxes in 2021 increased to $ 36th,200 for employers covered by the temporary disability insurance program and for employees and employers who fall under Unemployment I.Insurance Program, Workforce Development Partnership Program, and Supplemental Workforce Fund for Basic Skills.
The taxable wage base for employees covered by the temporary disability and family vacation insurance programs increased to $ 138,200 by 2021.
To be eligible for Unemployment, Temporary Disability, or Family Vacation Benefits in 2021, an applicant must have earned at least $ 220 per week for 20 base weeks, or alternatively, have earned at least $ 11,000. Eligibility criteria are based on the state minimum wage on October 1, 2020, when the New Jersey minimum wage was $ 11 / hour for most employees.
The contribution rate for state and local authorities that choose to make contributions rather than reimburse U’s trust fundnEmployment I.Insurance benefits to their former employees, remains at the 0.6 percent of taxable wages in calendar year 2021.
Below is a table with the 2020th Prices and the changeIt will take place on January 1, 2021.