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CO HB1124
Bill
Status
4/4/2013
Primary Sponsor
Daniel Pabon
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AI Summary
HB 13-1124 Summary
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Allows the Division of Unemployment Insurance to charge an employer's account for improper benefit payments if the employer or its agent failed to respond timely or adequately to division information requests and established a pattern of such failures.
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Requires the Division to promulgate rules specifying what factors and frequency constitute a pattern of failing to respond timely or adequately to information requests.
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Increases the monetary penalty for persons receiving overpayments due to false representation or willful failure to disclose material facts from 50 percent to 65 percent of the overpayment amount.
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Redirects penalty distributions: 23 percent of the monetary penalty goes to the unemployment trust compensation fund (instead of 50 percent to unemployment revenue fund), with the remainder to the unemployment revenue fund.
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Appropriates $144,564 from the unemployment revenue fund to the Department of Labor and Employment for fiscal year 2013-2014 to implement the act.
Legislative Description
Reduce Unempl Ins Overpayments
Last Action
Governor Action - Signed
4/4/2013