What is an example of WorkShare Benefits?
An employee who normally earns $400 per week has his work hours reduced by 20% under the approved WorkShare Plan. The employee has one dependent child. The following calculations would be made to determine his WorkShare Benefits. Individual has high quarter earnings of $5,200 (13 weeks x $400) Basic weekly benefit amount = $240 (4.62% of high quarter earnings) Dependent’s Allowance= $12 (5%of $240) Total weekly benefit rage = $252 WorkShare weekly benefit rate= $50 (20% of 252 rounded down) Reduced earnings with WorkShare employer = $320 (80% of $400) The worker in the above example would receive combined earnings and WorkShare benefits equal to $370 ($320 in reduced earnings and $50 in WorkShare benefits). This represents 92.5% of the employee’s regular weekly earnings.
