Texas Statutes (Last Updated: January 4, 2014) |
LABOR CODE |
Title 4. EMPLOYMENT SERVICES AND UNEMPLOYMENT |
Subtitle A. TEXAS UNEMPLOYMENT COMPENSATION ACT |
Chapter 215. SHARED WORK UNEMPLOYMENT COMPENSATION PROGRAM |
Subchapter C. SHARED WORK BENEFITS |
Sec. 215.042. SHARED WORK BENEFITS FORMULA
Latest version.
-
(a) The commission shall pay an individual who is eligible for shared work benefits a weekly shared work benefit in an amount equal to the individual's regular weekly benefit amount for a period of total unemployment multiplied by the nearest full percentage of reduction of the individual's wages under the employer's shared work plan.
(b) The commission shall round to the next highest dollar a shared work benefit that is not a multiple of one dollar.
Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993.