A bill to amend the Emergency Unemployment Compensation Act of 1974 to provide that compensation payable to an individual thereunder shall be reduced (but not below zero) by the amount of periodic benefits payable to such individual under a pension system, and to amend the Federal State Extended Unemployment Compensation Act of 1970 to limit Federal financial participation in compensation payments thereunder to an individual to the portion thereof which is in excess of any such periodic benefits payable to such individual.

[AI summary unavailable — showing source text] Amends the Emergency Unemployment Compensation Act of 1974 to provide that compensation payable to an individual thereunder shall be reduced (but not below zero) by the amount of periodic benefits payable to such individual under a pension. Limits Federal financial participation in compensation payments under the Federal-State Extended Unemployment Compensation Act of 1970 to an individual to the portion thereof which is in excess of any periodic benefits payable to such individual.…