The Economic Stimulus and Recovery Act and YOU!
Economic Stimulus & Recovery Act and YOU
The Economic Stimulus and Recovery ACT that was signed into law on February 17th contains provisions that impact virtually every citizen and every business in the country.
Many of the details and specifics in the bill are unclear or have not yet been worked out. There are numerous questions about how this new law affects job seekers who have been involuntarily terminated. Specifically, employees (and their dependents) who are involuntarily terminated from from September 1, 2008 through December 31, 2009, who is or was eligible for COBRA or TX State Continuation benefits will be able to receive a 65% subsidization of their COBRA benefits for a period of up to nine months.
In addition, these same individuals may be eligible to receive a tax credit on a portion of their unemployment compensation, dependent upon their income level.
To get the job seeker teleseminar details and the phone number to call, just subscribe to the COBRABusters.com newsletter at the right and I’ll send you the information.
I will also hold a special teleseminar for employers and HR professionals only on Wednesday February 25th from 2 to 3 pm to review the specifics of the bill on employers and share the available details of the impact of this law on employers. The bill requires employers to subsidize COBRA payments of employees who have been terminated during this time period by 65%, and employers will in turn be reimbursed somehow for these subsidies, and there will be new record keeping requirements for employers and this will be of this teleseminar.
Please refer this post to your company and HR professionals so that they can get this information. They can subscribe to the www.GroupBenefitsAdvisors.com newsletter to get all of the details about this employers and HR professionals only teleseminar scheduled for Wednesday, February 25th.
