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.
...
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.