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Christopher J. Moran Quoted in CNBC Article, 'How Unemployed Workers Could Get More Than 100 Percent of Their Paycheck Under the Coronavirus Bill'

3/27/2020
Christopher J. Moran Quoted in CNBC Article, 'How Unemployed Workers Could Get More Than 100 Percent of Their Paycheck Under the Coronavirus Bill'

Christopher J. Moran, a partner in the Labor and Employment Practice Group of Pepper Hamilton, was quoted in the March 27, 2020 CNBC article, "Unemployed Workers Could Get More Than 100 Percent of Their Paycheck Under the Coronavirus Bill."

"We've never had anything like this before," said Chris Moran, a partner in the labor and employment practice group at Pepper Hamilton, a law firm based in Philadelphia.

...

Here’s an example using a Pennsylvania worker making $30,000 a year.

This worker makes about $577 weekly, before tax, while working. The worker would recoup about half that paycheck in state unemployment benefits — about $288 a week, Moran said. The new legislation would add $600 a week.

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For example, that break-even is roughly $60,000 in Pennsylvania, and about $45,000 in Florida, Moran said.

Unemployment benefits also aren’t subject to Social Security and Medicare taxes (7.65% total) and in many states aren’t subject to state and local tax — meaning unemployment pay is arguably worth more than typical wages, Moran said.

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