HB2169 HD2 Employer Assessments

HB 2169 HD2 Employment Security The committee(s) on LBR/WAM has scheduled a public hearing on 02-26-10 10:00AM in conference room 211.

Sets, for calendar years 2010 and 2011, the wage base at 90% of the average annual wage. Sets, for calendar year 2010, the employer contribution rate at schedule D and for calendar year 2011, the employer contribution rate at schedule F. Retains the maximum weekly benefit rate at 75% of the average weekly wage until December 31, 2012. Returns the maximum weekly benefit rate to 70% of the average weekly wage on January 1, 2013. Authorizes special assessments upon employers to pay the principal and interest costs on loans received from the U.S. Secretary of Labor provided that the director of Labor and Industrial Relations develops a fair and equitable manner in which these payments are made. Establishes for recalculation of the adequate reserve fund beginning in 2011. (HB2169 HD2)

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News & Politics

Tags:

• Lynn Finnegan
• gene Ward
• House of representatives
• Hawaii