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GA HB1030
Bill
Status
Introduced
2/16/2012
Primary Sponsor
Benjie Harbin
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AI Summary
- Amends Georgia's employment security law (Chapter 8 of Title 34) to revise the amount and manner of funds collected for the unemployment insurance trust fund and the extent of benefits provided
- Clarifies the duties and powers of the Commissioner of Labor, including authority to recover overpayments of benefits paid under state, other state, or federal unemployment benefit programs
- Establishes a tiered employer contribution rate adjustment system based on the State-wide Reserve Ratio: a 25% reduction when the ratio is 2.4–2.7%, a 50% reduction at 2.7% and above, and rate increases of 25–100% when the ratio falls below 1.7%
- Suspends the automatic rate increase provisions for 2004–2006 and 2007–2012, instead granting the Commissioner discretionary authority to impose increases of up to 35% or 50% respectively when the reserve ratio drops below specified thresholds
- Revises extended unemployment benefit eligibility requirements, including definitions of "exhaustee," triggers for state "on" and "off" indicators tied to total unemployment rates (6.5% or 8% thresholds), and higher benefit caps during high-unemployment periods (up to 20 weeks or 80% of regular benefits)
Legislative Description
Unemployment insurance trust fund; law relating to amount and manner of fund collected; revise provisions
Last Action
House Second Readers
2/17/2012
Committee Referrals
Appropriations2/16/2012
Full Bill Text
No bill text available