Federal extended unemployment benefits reduced for Nevadans
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Las Vegas, NV (KTNV) -- More than 20,000 Nevada residents will see a 59-percent reduction in their federal extended unemployment benefits, starting the week ending Aug. 31.
This is happening because of the federal budget cuts known as sequestration.
The federal sequestration cuts will only affect federal extended benefits, also known as Emergency Unemployment Compensation (EUC), which begins after a claimant has exhausted their regular unemployment benefits. This typically lasts up to 26 weeks.
EUC is paid in Nevada for a total of 47 weeks and is paid for by the federal government. The cuts will affect anyone who is currently filing for EUC or those who establish a new EUC claim after Aug. 31.
The 59-percent benefit reduction will be in effect until the end of September.
Oct. 1 is the start of a new federal fiscal year. After Oct. 1, the majority of EUC benefits will be restored, but still reduced by approximately 8-percent, instead of 59-percent, until the program ends Dec. 31.