IN HB1506

Establishes a work sharing unemployment insurance program allowing employers to reduce employee hours by 10-50% instead of laying off workers, with affected employees receiving partial unemployment benefits

Requires employers to submit a work sharing plan to the Commissioner of Workforce Development for approval, with plans valid for up to 12 months and covering at least 10% of employees or 20 workers in an affected unit

Calculates work sharing benefits proportionally based on the percentage reduction in hours (e.g., a 20% reduction in hours equals 20% of the worker's regular unemployment benefit amount)

Limits affected employees to workers who have been continuously employed for at least 3 months and normally work at least 30 hours per week, with a maximum of 52 weeks of work sharing benefits per benefit year

Authorizes the commissioner to revoke approved work sharing plans for good cause, including failure to comply with plan requirements or unreasonable revision of productivity standards