Unemployment Insurance Modernization Act of 2025

SB 752 modernizes Maryland's unemployment insurance system by changing how weekly benefit amounts and employer contributions are calculated. It replaces fixed dollar amounts with formulas tied to the state's average wage: beginning in 2028, the taxable wage base for employer contributions will be 20% of the average annual wage, and the maximum weekly benefit will be 50% of the average weekly wage. The bill requires the Maryland Department of Labor to publish the annual average wage by January 31 each year to set these rates. These changes directly affect unemployed workers receiving benefits and employers paying into the unemployment insurance fund.