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Thursday, July 30, 2020

How the HEALS Act's 70% wage replacement in unemployment would work


What comes next, however, is different. The Republican proposal says that by October, the flat $200 federal boost will be replaced with a payment that, when combined with regular state benefits, will recover 70% of workers’ previous wages. The replacement rate will be calculated either by a formula specified in the bill or by a state proposing an alternative method and receiving approval from the Secretary of Labor. That means the method of calculating a 70% replacement wage could vary by state. Boosts will be capped at $500 per week.


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