AR SB560

Reduces the base employer unemployment insurance contribution rate from 1.9% to 1.8% for calendar years beginning on or after January 1, 2026

Increases the administrative assessment rate on employer wages from 0.1% to 0.2% beginning January 1, 2026

Lowers all contribution rates in the reserve ratio schedule by 0.1 percentage points (e.g., top rate drops from 0.1% to 0.0%, bottom rate drops from 6.0% to 5.9%)

Removes the $2.5 million cap on annual deposits to the Division of Workforce Services Training Trust Fund and expands permitted uses to include personal services, operating expenses, construction, and grants in addition to worker training

Eliminates the provision directing excess administrative assessment proceeds to the Unemployment Compensation Fund after other allocations are met