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Assembly Bill A1058

2025-2026 Legislative Session

Requires that the average annual wage and average weekly wage of the state of New York be adjusted for inflation each year

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Current Bill Status - In Assembly Committee

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2025-A1058 (ACTIVE) - Details

Current Committee:
Assembly Labor
Law Section:
Labor Law
Laws Affected:
Amd §529, Lab L
Versions Introduced in 2023-2024 Legislative Session:
A7802

2025-A1058 (ACTIVE) - Summary

Requires that the average annual wage and average weekly wage of the state of New York, which determine the maximum cap for unemployment insurance benefits, be adjusted for inflation each year.

2025-A1058 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1058
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 8, 2025
                                ___________
 
 Introduced  by M. of A. MAMDANI -- read once and referred to the Commit-
   tee on Labor
 
 AN ACT to amend the labor law,  in  relation  to  indexing  unemployment
   benefits to inflation
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Section 529 of the labor law, as added by section 3 of part
 O of chapter 57 of the laws of 2013, is amended to read as follows:
   § 529. Average annual wage; average weekly wage. 1. The "average annu-
 al wage" shall be the average annual wage of the state of New  York  for
 the  previous  calendar year, as determined by the commissioner no later
 than the thirty-first day of May of each year, INCREASED BY THE RATE  OF
 INFLATION,  IF  GREATER  THAN ZERO, AS BASED ON THE CONSUMER PRICE INDEX
 FOR THE PREVIOUS CALENDAR YEAR, AS REPORTED BY THE UNITED STATES  BUREAU
 OF LABOR STATISTICS.
   2.  The  "average weekly wage" shall be the average weekly wage of the
 state of New York for the previous calendar year, as determined  by  the
 commissioner  no  later  than  the thirty-first day of May of each year,
 INCREASED BY THE RATE OF INFLATION, IF GREATER THAN ZERO,  AS  BASED  ON
 THE  CONSUMER PRICE INDEX FOR THE PREVIOUS CALENDAR YEAR, AS REPORTED BY
 THE UNITED STATES BUREAU OF LABOR STATISTICS.
   § 2. This act shall take effect on the first of January next  succeed-
 ing the date on which it shall have become a law.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00264-01-5

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