2014 -- H 8120

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LC005531

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2014

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A N   A C T

RELATING TO LABOR AND LABOR RELATIONS - UNEMPLOYMENT FUND

CONTRIBUTIONS

     Introduced By: Representatives MacBeth, McLaughlin, Dickinson, Chippendale, and

     Date Introduced: May 01, 2014

     Referred To: House Finance

     It is enacted by the General Assembly as follows:

     SECTION 1. Section 28-43-8.1 of the General Laws in Chapter 28-43 entitled

"Employment Security - Contributions" is hereby amended to read as follows:

     28-43-8.1. Time and manner of payment of employer contributions. – (a)

Contributions required under this chapter for each year shall be paid by each employer in the

manner and at the times that the director may prescribe prescribed herein.

     (b) The director of the department of labor and training shall report to the chairperson of

the house finance committee seven (7) days prior to the end of each fiscal quarter the projected

balance at the end of that quarter, and for the entire year, in the employment security fund.

     (c) Should a negative balance be projected, requiring the imposition of a surtax, that

surcharge shall be calculated and imposed by the director, in equal amounts on the final two (2)

quarter's payments. The report shall be accompanied with recommendations and evaluations as to

the status of the fund, and also state the department's position in regard to any further borrowing

from the federal government for the fund.

     (d) Each employer paying into the employment security fund shall be given notice of the

potential for a surcharge imposition and amount at the time reports are made by the director to the

chairperson of the house finance committee.

     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO LABOR AND LABOR RELATIONS - UNEMPLOYMENT FUND

CONTRIBUTIONS

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     This act would require notice by the director of labor and training to the chair of house

finance, and to the employers of the possibility of a surcharge being imposed on employers'

contributions. It would also require the surcharge not be collected until the final two (2) quarters.

     This act would take effect upon passage.

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LC005531

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