43:21-40 - Weekly and daily benefit amounts - New Jersey Statutes

43:21-40.  Weekly and daily benefit amounts
    With respect to periods of disability commencing on or after July 1, 1961, an individual's weekly benefit amount shall be determined and computed by the division on the same basis as the weekly benefit rate is determined and computed pursuant to subsection (c) of R.S. 43:21-3, except that for periods of  disability commencing on or after October 1, 1984, an individual's weekly benefit rate shall be two-thirds of his average weekly wage, subject to a maximum of 53% of the Statewide average weekly remuneration paid to workers by employers, as determined under subsection (c) of R.S. 43:21-3; provided, however, that such individual's benefit rate shall be computed to the next lower multiple of $1.00 if not already a multiple thereof.  The amount of benefits for each day of disability for which benefits are payable shall be one-seventh of the corresponding weekly benefit amount;  provided that the total benefits for a fractional part of a week shall be computed to the next lower multiple of $1.00 if not already a multiple thereof.

     L.1948, c. 110, p. 596, s. 16.  Amended by L.1950, c. 173, p. 397, s. 4; L.1952, c. 188, p. 681, s. 4;  L.1955, c. 202, p. 788, s. 1;  L.1961, c. 43, p. 474, s. 12;  L.1967, c. 30, s. 10;  L.1984, c. 24, s. 19, eff. Oct. 1, 1984; L.1984, c. 104, s. 3, eff. Oct. 1, 1984.