Are you one of the millions of Americans who have lost their job during this recession? Despite economists declaring that the recession ended in June 2009, there was still a 9.4% unemployment rate at the end of last year, with many speculating only a small percentage change in the positive in 2011.
Unemployment Insurance Extension
The good news for you is that unemployment benefits have been extended until December 2011. On December 17, 2010 President Obama signed Bill HR 4853 into law. The law extends federal unemployment benefit eligibility for 13 months, and makes this extension retroactive back to the December 1, 2010 cutoff.
What Happens to the “99ers”?
The potential total maximum number of weeks one can collect unemployment insurance is 99 weeks (also known as Tier 5). There is a growing group of people called the 99ers who have been unemployed for a total of 99 weeks or more.
Unfortunately, this new law only covers the unemployed who have not exhausted the allotted weeks of unemployment benefits allowed in their state.
You can get my latest articles full of valuable tips and other information delivered directly to your email for free simply by entering your email address below. Your address will never be sold or used for spam and you can unsubscribe at any time.
Advertiser Disclosure: MyDollarPlan.com is an independent, advertising-supported service. The offers that appear on this site are from companies which MyDollarPlan.com receives compensation. This compensation may impact how and where products appear on this site, including, for example. the order in which they may appear within listing categories. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. MyDollarPlan.com does not include the entire universe of available financial or credit offers.
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.