How Much Are Unemployment Benefits In Minnesota?
By: LawInfoState law establishes a formula requiring the amounts to be determined by the average weekly wage in Minnesota and to be recalculated each year. The amount of benefits vary and are dependent on how much you have earned in your base period (The first four of the last five completed calendar quarters prior to the applicant's benefit year.) The minimum weekly benefit is $38. For unemployment accounts (claims) filed effective 8/4/02 the maximum weekly benefit amount is $467. Your weekly benefit amount will be the higher of either:
- 1/26th of your high calendar quarter wage credits up to a maximum of $350, or
- 1/104th of your total base period wages to a maximum of 66 2/3 percent of the current state average
weekly wage. The maximum weekly benefit amount is $467.
The maximum amount of benefits you can receive is either 26 times your weekly benefit amount or 1/3 of your total base period wages, whichever is less.
During periods of high unemployment, extended benefits (extensions) allow applicants to continue receiving unemployment benefit checks after monies in the regular account have been exhausted. At the present time there is a federal extension in Minnesota. For more information click here.
The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney .Source: resources.lawinfo.com