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:

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

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

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

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

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

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

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

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

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

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

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

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

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from the federal government for the fund.

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

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

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chairperson of the house finance committee.

 

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     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

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

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

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     This act would take effect upon passage.

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LC005531

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