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American Recovery and Reinvestment Act (ARRA)
Emergency Unemployment Compensation
The Recovery Act extended the expiration of the Emergency Unemployment Compensation
Program from August 29, 2009, to May 31, 2010.
•The goal of the program is
to promote economic recovery and assist persons most impacted by the
recession.
•The Emergency Unemployment Compensation Program under the
Recovery Act begins for claims filed on or after March 2009.
•Monitor/Tracking Process:
•The Colorado Department of
Labor and Employment’s Finance office has
integrated coding and tracking of Recovery Act funds into the existing
accountability structures and systems. The
department's Finance and Budget offices are jointly responsible for
the monitoring and reporting of Recovery Act funds monthly, quarterly or as
needed.
Recovery Act Emergency Unemployment Compensation is paid for by Federal General
Revenues. It is available for individuals who have exhausted their
regular unemployment insurance benefits on or before December 31, 2009.
•The last payable
week for Emergency Unemployment Compensation is any week beginning prior to
May 31, 2010.
The department estimates that total Emergency Unemployment Compensation benefit payments
will equal $342,010,072, and that administrative costs will
equal an additional $3,082,848. Administrative
costs include programming changes to the
unemployment insurance Information Technology Systems
and personnel.
•The Table
below breaks out estimated program costs:
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Federal Funds to be Received
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Dollar Impact to Any State
Fund Source (if any)
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Extended EUC Benefits
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2009
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$205,206,043*
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$0
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Extended EUC Benefits
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2010
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$136,804,029*
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$0
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Extended EUC UI Program Costs
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2009
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$2,458,970
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$0
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Extended EUC UI Program Costs
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2010
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$623,878
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$0
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