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Program gives Nebraska companies an alternative to layoffs | KTIC Radio

Program gives Nebraska companies an alternative to layoffs

Program gives Nebraska companies an alternative to layoffs

LINCOLN, Neb.  —  A new state program that goes into effect this fall will give Nebraska businesses an alternative to layoffs when economic times are tight.   The Lincoln Journal Star reports  that the short-time compensation program will extend partial  unemployment benefits to groups of people who are still working, but whose hours have been trimmed by cost-saving employers.
The program goes into effect on Oct. 1. It won’t replace workers’ lost wages dollar for dollar, but allows them to keep at least part of their regular paychecks and avoid having to search for another job.
Companies are also required to maintain their employees’ retirement and health insurance benefits. The program is modeled after similar short-time compensation programs in at least 21 other states.

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