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Deloitte question. I have always gotten a raise each year, the only question I ask is how much of a raise do I get. But I’m hearing from former Deloitte folks, it is naive to expect annual raises each year however small/big they are? And how does this play in Deloitte consulting vs advisory? Do one tend to withhold annual raises in base salary over the other, or is this just a deloitte culture thing? Looking at exit opportunities all over. So lmk! I’d Rather get a small raise than none at all.
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We’re in unprecedented times. States have limits to unemployment (up-to 12 months).
Who knows what state economics will be if this continues for another few months.
You better join the RE-open movement...
^To keep me in the job
Depends which state but they do have limits
Yes, but not for the reason you’ve listed. Unemployment benefits are paid out to a maximum. That maximum is based on how much you’ve contributed. How much you’ve contributed is mostly a factor of how long you’ve been a w2 employee and contributed to it every month.
Yes, unemployment insurance benefits are for a fixed duration. Look up your state's unemployment insurance benefit policy, as it varies from state to state.
That said, most states provide 26 weeks of UI, though a few provide fewer weeks (e.g. Florida provides 2 weeks, I believe). The Cares act added 13 weeks onto that.
Sorry I should've phrased it better, I am aware that benefits are terminal. Was moresoe wondering if it's possible for a state to literally run out of cash
There is a federal lending facility specifically for this purpose. California, for example, has already been approved to borrow money from the feds to pay for UI benefits: https://www.wsj.com/articles/california-is-first-state-to-borrow-from-federal-government-to-make-unemployment-payments-11588617257?shareToken=stfb65954b495a46b394c8d6e9a1bb3fb4&reflink=share_mobilewebshare
Unlikely that they would ever run out of cash, they may just increase their deficits tho. Cant see a scenario where a state refuses to provide unemployment benefits due to lack of money.
Analogy would be the US govt which has trillions in debt but continues to provide benefits
Don’t believe states are allowed to run a deficit. Just the feds.