Today's Law As Amended

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AB-2310 Unemployment insurance benefits: governmental pension and retirement payments.(2011-2012)

As Amends the Law Today


 Section 1255.4 is added to the Unemployment Insurance Code, to read:

 Notwithstanding any other law, the amount of unemployment compensation benefits, extended duration benefits, and federal-state extended benefits payable to an individual for any week which begins after January 1, 2013, in a period with respect to which that individual is receiving a governmental pension, retirement or retired pay, annuity, or any other similar periodic payment, and which is based on the previous work of the individual, shall be reduced, but not below zero, by an amount equal to the amount of the pension, retirement or retired pay, annuity, or other payment, which is reasonably attributable to that week.