Why the FTC wants to know more about life insurance coverage for the unemployed

Posted by MTV News on Thursday, March 02, 2019 07:37:20Many Americans can expect to pay higher rates than the federal minimum wage and the state minimum wage.

The Department of Labor is currently examining the potential impact of the proposed new federal minimum wages on businesses that pay the federal tipped minimum wage, the federal unemployment compensation (UI) for employees who receive a federal jobseeker’s allowance, and state unemployment compensation for employees whose employer doesn’t provide UI for federal workers.

According to the Department, the proposed increases could be expected to have a net negative effect on workers’ paychecks, as businesses would likely have to increase payroll costs to pay for the increased benefits.

For more information on this and other topics, visit: https://www.ntsb.gov/bipartisan-legislative-committee-says-more-information-about-tips-on-the-job-related-disabilities/ ——————————————————————————————-

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