FOR IMMEDIATE RELEASE
December 27, 2024
Press Contact
Gary Molloy
Office: (340) 773-1994 ext. 2105
www.vidol.gov
gary.molloy@dol.vi.gov
COMMISSIONER GARY MOLLOY ANNOUNCES 2025 MAXIMUM WEEKLY BENEFIT AMOUNT (MWBA) AND TAXABLE WAGE BASE (TWB)
The Virgin Islands Department of Labor (VIDOL) announces the 2025 Maximum Weekly Benefit Amount (MWBA) for Unemployment Insurance benefits and the Taxable Wage Base (TWB) for employer contributions, effective for the benefit year beginning January 1, 2025.
- Maximum Weekly Benefit Amount (MWBA): $648.00
- Taxable Wage Base (TWB): $31,100.00
These adjustments are made in accordance with the Virgin Islands Unemployment Insurance Act, Title 24 Chapter 12:
- MWBA Determination (Section 303(c)):
The Maximum Weekly Benefit Amount is calculated as 65% of the established Average Weekly Wage in insured work, rounded down to the nearest dollar. Based on employment and wage data from the Bureau of Labor Statistics, the 2025 Average Weekly Wage is $996.60, resulting in an MWBA of $648.00. - TWB Determination (Section 308(c)):
The Taxable Wage Base is calculated as 60% of the Average Annual Wage in insured work, rounded to the nearest hundred dollars. The 2025 Average Annual Wage, based on employment and wage data, is $51,823.00, resulting in a TWB of $31,100.00.
For more information, please feel free to contact Ms. Faye Reed, Chief of Tax directly at 340-776-3700 Ext. 2035 or via email at faye.reed@dol.vi.gov or in general contact VIDOL at St. Croix: (340) 773-1994 or St. Thomas: (340) 776-3700. You can also visit www.vidol.gov, Unemployment Insurance – Virgin Islands Department of Labor or follow us on Facebook at facebook.com/USVIDOL for updates.
#