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HomenewsThe State of New Jersey Has Just Released Its Updated Benefit Rates...

The State of New Jersey Has Just Released Its Updated Benefit Rates for the Year 2023.

NJ– The New Jersey Department of Labor and Workforce Development (NJDOL) stated Wednesday that Unemployment Insurance, Temporary Disability Insurance, Family Leave Insurance, and Workers’ Compensation maximum benefit rates and taxable income base would change on January 1, 2023.

Coming Unemployment Insurance applicants can receive 0 per week in the new year, up from 4.

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New state plan Temporary Disability and Family Leave Insurance claims will receive $1,025 per week, up from $993, while new Workers’ Compensation claims would receive $1,099, up from $1,065.

The maximum benefit rates and taxable pay base are revised annually based on the statewide average weekly wage, per program laws.

2023 benefit rates and taxable salary base reflect 2021’s $1,465.18 average weekly wage, up 3.2 percent from 2020’s $1,419.52.

In 2023, Temporary Disability Insurance employers, Unemployment Insurance employers, Workforce Development Partnership Program employers, and Supplemental Workforce Fund for Basic Skills businesses had wages subject to wage taxes of $41,100.

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For 2023, the Temporary Disability and Family Leave Insurance taxable wage base increased to $156,800.

In 2023, applicants for Unemployment, Temporary Disability, and Family Leave benefits must earn $260 per week for 20 base weeks or $13,000. Benefit eligibility is based on the New Jersey minimum wage on October 1, 2022, which was $13/hour for most workers. The minimum wage rises $1.13 to $14.13 on January 1, 2023.

For the calendar year 2023, state and local governments that contribute rather than refund the trust fund for Unemployment Insurance benefits paid to former employees pay 0.6 percent of taxable wages.

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In October, NJDOL reduced worker contribution rates for 2023, with Temporary Disability lowering to zero percent and Family Leave dropping by more than half.06 percent.

Workers will save $56.25 and $55.25 in Temporary Disability and Family Leave contributions in 2023, respectively.

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