Unemployment Compensation Amendments of 1992

The Unemployment Compensation Amendments of 1992 (UCA) were a series of changes to the United States unemployment insurance system that were enacted as part of the Omnibus Budget Reconciliation Act of 1993. The UCA made a number of changes to the way unemployment insurance is funded, administered, and used.

One of the most significant changes made by the UCA was to increase the federal unemployment tax (FUTA) rate from 6.0% to 6.2%. This increase was intended to help cover the cost of the rising number of unemployed workers. The UCA also made changes to the way unemployment insurance benefits are calculated. The maximum weekly benefit amount was increased from $265 to $375, and the duration of benefits was extended from 26 weeks to 39 weeks.

The UCA also made a number of changes to the way unemployment insurance is administered. The UCA created a new program called the Extended Benefit Program (EB), which provides additional weeks of unemployment benefits to workers who have exhausted their regular benefits. The UCA also created a new program called the Trade Adjustment Assistance (TAA) program, which provides assistance to workers who have lost their jobs due to foreign trade.

The UCA was a significant piece of legislation that made a number of changes to the United States unemployment insurance system. The UCA helped to ensure that the system was adequately funded and that workers who lost their jobs had access to the benefits they needed.