FOR IMMEDIATE RELEASE
TRENTON – The New Jersey Department of Labor and Workforce Development (NJDOL) today announced changes in the maximum benefit rates and taxable wage base that take effect January 1, 2023, for Unemployment Insurance, Temporary Disability Insurance, Family Leave Insurance, and Workers’ Compensation.
In the new year, the maximum weekly benefit amount for new Unemployment Insurance beneficiaries increases to $830, from $804. The maximum weekly benefit for new state plan Temporary Disability and Family Leave Insurance claims increases to $1,025, from $993, while the maximum weekly benefit for new Workers’ Compensation claims rises to $1,099, from $1,065.
The maximum benefit rates and the taxable wage base are recalculated each year based on the statewide average weekly wage, in accordance with the laws governing these programs. The benefit rates and taxable wage base for 2023 reflect the $1,465.18 average weekly wage for 2021, which rose by 3.2 percent from $1,419.52 in 2020.
The amount of wages subject to wage taxes in 2023 increased to $41,100 for employers covered under the Temporary Disability Insurance program and for workers and employers covered under the Unemployment Insurance program, the Workforce Development Partnership Program, and Supplemental Workforce Fund for Basic Skills.
The taxable wage base for workers covered under the Temporary Disability and Family Leave Insurance programs increased to $156,800 for 2023.
To qualify for Unemployment,...
Read Full Story:
https://news.google.com/__i/rss/rd/articles/CBMiR2h0dHBzOi8vd3d3Lm5qLmdvdi9sY...