CO HB1127

Amends Colorado unemployment insurance law to change how new employer premium rates are calculated, requiring rates to be the higher of the unrated employer rate or the computed rate based on employer experience.

Modifies language from "shall be" to "IS" and "shall MUST be" to clarify that maximum rates for negative excess employers (those with credits to the unemployment fund) must be at least 0.0613 and combined maximum rates must be at least 0.0628 but not greater than 0.1039.

Requires the Division to determine employer premium rates for newly subject employers annually as of the computation date (July 1) in accordance with existing subsection (3) provisions.

Eliminates a prior automatic increase in premium rates for new employers by allowing them to use their computed rate if higher than the standard unrated employer rate, rather than a separate increased rate structure.

Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, and safety.