Virginia Code Title 30. General Assembly § 30-222. Powers and duties of the Commission

A. The Commission shall have the following powers and duties:

B. The Commission shall also be responsible for monitoring the Virginia Employment Commission's management of the Commonwealth's unemployment insurance system by monitoring the Virginia Employment Commission's following operations:

C. The Commission shall periodically convene an advisory committee composed of an employer representative, an employee representative, a labor economist, a finance expert, a labor law expert, and any other stakeholders or subject matter experts deemed appropriate by the Commission for the following purposes:  (i) to review UI benefits, replacement ratios, and recipiency rates;  (ii) to identify factors that affect UI benefits and recipiency, such as design of UI benefit calculations or UI eligibility criteria;  (iii) to assess the advantages and disadvantages of potential changes to benefits;  and (iv) to recommend to the Commission options to change benefit levels when needed.  This advisory committee shall be established by December 1, 2022, and shall be convened at least every five years thereafter.