modify requirements for payment of the employer's investment in South Dakota's future fee.

Summary

The bill changes how the employer’s investment fee that supports South Dakota’s future unemployment fund is collected. Only employers that reimburse the unemployment trust fund and choose to opt‑in will have to pay the fee, with rates set either by a fixed percentage or by a schedule tied to their reserve ratio. It also prescribes how the fee money is handled and prevents it from affecting experience‑rating accounts.

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

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