HB 1182 Summary

• Temporarily modifies employer contribution rates for unemployment insurance by mandating specific rate schedules for calendar years 2021-2023, regardless of the reserve fund ratio.

• Sets contribution rate schedule D for calendar year 2021, schedule E for calendar year 2022, and schedule F for calendar year 2023.

• Caps maximum employer contribution rates at 5.4% for all reserve ratio categories during the 2021-2023 period, reducing rates that would otherwise be higher under normal calculations.

• Automatically repeals on January 1, 2024, with section 383-68(c) and (d) of Hawaii Revised Statutes reverting to their pre-act form.

• Effective retroactively to January 1, 2021.