http://blog.seattletimes.nwsource.com/politicsnorthwest/2009/03/12/senate_passes_unemployment_ins.html
Summary:
The article I read named “Senate passes unemployment insurance bill” on The Seattle Times talks about a second proposal impacting the state’s unemployment insurance fund, this time benefiting businesses, passed on Senate on Tuesday night. This proposal, which calls for tapping into the state’s flush unemployment insurance fund to give unemployed workers an extra $45 per week, has already been signed into law by Gov. Chris Gregoire. No doubt, this is a good news to the employee who were apply for UI right now because after March 12, 2009 they can get extra $45 more per week. This is also a good new to the employers because this will make them much more competitive since more money will stay in their pockets of, and this is an important step. By the way, the Employment Security Department has been the focus of intense attention this legislative session because of the sheer size $4 billion unemployment fund is the country’s largest unemployment insurance trust. In addition, the state’s senate also passed a measure that would offer $15 million to $30 million to community and technical colleges for worker retraining.
Connection:
The connection between this article and Chapter 16 is the unemployment insurance (UI). Unemployment insurance is a federal program whereby eligible unemployed persons receive cash benefits for a specified period. These benefits are paid out of funds derived from employer, employee and government contributions. If a worker who has made sufficient contributions to the fund becomes unemployed while willing and able to accept employment, that worker is entitled to receive payments out of the fund. In Canada, the Emplyers’ Guide to Payroll Deductions states, “Calculate the premium at 1.4 times your employee’s premium.” Therefore, the employers need to pay a large portion of UI for employees too. However, in United States right now, the bill has just passed will help both the employees and employers a lot.
Reflection:
Since the economy does not do well, the unemployed rate increases by a lot. This indicates many people were laid off and need to apply for the unemployment insurance. Of course, this fund will help many people, and family to overtake this hard time. Like United State does, I think Canadian government maybe would also want to adjust something due our unemployment insurance fund to make our workers feel easier. Nobody knows this economy depression will last for how long, and no one knows there is going to be how many more workers facing layoff; all we know right now is beside we don’t have any income, the unemployment insurance will help us continue to live.
Summary:The article I read named “Senate passes unemployment insurance bill” on The Seattle Times talks about a second proposal impacting the state’s unemployment insurance fund, this time benefiting businesses, passed on Senate on Tuesday night. This proposal, which calls for tapping into the state’s flush unemployment insurance fund to give unemployed workers an extra $45 per week, has already been signed into law by Gov. Chris Gregoire. No doubt, this is a good news to the employee who were apply for UI right now because after March 12, 2009 they can get extra $45 more per week. This is also a good new to the employers because this will make them much more competitive since more money will stay in their pockets of, and this is an important step. By the way, the Employment Security Department has been the focus of intense attention this legislative session because of the sheer size $4 billion unemployment fund is the country’s largest unemployment insurance trust. In addition, the state’s senate also passed a measure that would offer $15 million to $30 million to community and technical colleges for worker retraining.
Connection:
The connection between this article and Chapter 16 is the unemployment insurance (UI). Unemployment insurance is a federal program whereby eligible unemployed persons receive cash benefits for a specified period. These benefits are paid out of funds derived from employer, employee and government contributions. If a worker who has made sufficient contributions to the fund becomes unemployed while willing and able to accept employment, that worker is entitled to receive payments out of the fund. In Canada, the Emplyers’ Guide to Payroll Deductions states, “Calculate the premium at 1.4 times your employee’s premium.” Therefore, the employers need to pay a large portion of UI for employees too. However, in United States right now, the bill has just passed will help both the employees and employers a lot.
Reflection:
Since the economy does not do well, the unemployed rate increases by a lot. This indicates many people were laid off and need to apply for the unemployment insurance. Of course, this fund will help many people, and family to overtake this hard time. Like United State does, I think Canadian government maybe would also want to adjust something due our unemployment insurance fund to make our workers feel easier. Nobody knows this economy depression will last for how long, and no one knows there is going to be how many more workers facing layoff; all we know right now is beside we don’t have any income, the unemployment insurance will help us continue to live.
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