HI HB2702

Requires the Department of Labor and Industrial Relations (DLIR) to conduct a study on converting unemployment contribution rate calculations from annual to semi-annual basis, including costs for equipment, software, labor, and implementation timeline, with report due 20 days before the 2011 legislative session.

Appropriates funds from the special unemployment insurance administration fund for fiscal year 2010-2011 to conduct the study on semi-annual contribution rate calculations.

Amends HRS section 383-68(d) to establish a fixed reserve ratio of 0.0800 to 0.0899 for employers beginning operations in calendar year 2010 for the years 2010 and 2011.

Requires DLIR to review and reassess the auditor's 1982 study on unemployment compensation fund financing, including recommendations regarding fairness and equitability of contribution rate schedules, with findings reported 20 days before the 2011 legislative session.

Appropriates funds from the special unemployment insurance administration fund for fiscal year 2010-2011 to conduct the review of the 1982 auditor's study on unemployment compensation fund financing mechanisms.