SB 1018 Unemployment compensation; fund balance factor.
Jackson E. Reasor, Jr. | all patrons    ...    notes
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Summary:
Unemployment compensation; fund balance factor. Modifies the unemployment compensation trust fund adequacy formula by (i) reducing from 25 to 20 the number of years (immediately preceding the year of calculation) from which the highest recorded benefit ratios are drawn and (ii) reducing from 1.5 to 1.3 the preliminary multiplier utilized in calculating the fund adequacy multiplier. Changes in employer tax rates resulting from fund adequacy multiplier and adequate fund balance recalculations will become effective on July 1, 1997. The Commission is required to immediately notify employers of their recomputed tax rates for wages paid during the final two quarters of 1997.

Full text:
01/20/97  Senate: Presented & ordered printed 970610805  pdf

Status:
01/20/97  Senate: Presented & ordered printed 970610805
01/20/97  Senate: Referred to Committee on Commerce and Labor
01/27/97  Senate: Reported from Commerce and Labor (14-Y 1-N)
01/28/97  Senate: Constitutional reading dispensed (40-Y 0-N)
01/28/97  Senate: VOTE: CONST. READING DISPENSED (40-Y 0-N)
01/29/97  Senate: Read second time and engrossed
01/30/97  Senate: Read third time and passed Senate (33-Y 6-N)
01/30/97  Senate: VOTE: PASSAGE (33-Y 6-N)
01/30/97  Senate: Communicated to House
02/01/97  House: Placed on Calendar
02/02/97  House: Read first time
02/02/97  House: Referred to Committee on Finance
02/07/97  House: No action taken by Finance by voice vote
02/07/97  House: Incorporated in other legislation (SB1089, Miller)