An Act relating to employer contributions to the unemployment compensation fund; establishing an employer contribution for the state training and employment program; and providing for an effective date.

Summary

The bill adds a new employer contribution of 0.4 % of covered wages to the unemployment compensation fund, with the revenue directed to the employment assistance and training program. Employers can offset this new charge against the contributions they already make under existing law, potentially eliminating the extra cost. It also clarifies how contribution rates are calculated and sets the law to take effect on Jan 1 2027.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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