Definitions for "Base Period"
Calendar period used to compute income and spenddown liability for MN and MI applicants. Ordinarily consists of three or six consecutive full months. See: Spenddown; Adult Medical Programs
The first four of the last five completed calendar quarters immediately preceding the first day of an individual's benefit year. In a combined-wage claim, the base period must be that of the paying state.
The first four of the last five completed calendar quarters prior to the effective date of the claim.
A point of time that serves as a benchmark for reflecting the change in an index.