Officials reduce federal unemployment benefits
PRINCETON – Long-term unemployed individuals who collect weekly unemployment insurance benefits saw a 16.8 percent reduction in payments this week.
The Illinois Department of Employment Security (IDES) advised in a press release the reduction, which averages to be about a $51 weekly reduction, is a result of federal sequestration’s across-the-board budget cuts. About 80,000 Illinois residents collect federal unemployment compensation.
According to the press release, the reductions will end Sept. 30 at the end of the federal fiscal year. IDES Media Adviser Greg Rivara said the federal program ends in December, therefore it will only exist about two and one-half months after the end of this fiscal year before completely phasing out.
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