MS SB2808

Creates the "Mississippi Works Fund" as a special treasury fund to be supported by employer contributions collected under the Mississippi Employment Security Law.

Establishes Mississippi Works contributions at 0.08% of taxable wages for calendar year 2016 and 0.04% for subsequent years (only when general experience ratio falls below 0.2%), in addition to existing workforce training contributions.

Designates the Mississippi Department of Employment Security Executive Director to disburse Mississippi Works Fund monies exclusively for workforce training activities approved by the Mississippi Development Authority, with priority given to training unemployed persons and limits of $500,000 annually per employer.

Revises the Mississippi State Workforce Investment Board membership from 39 to 41 voting members and creates a Rules Committee with authority to promulgate regulations for Mississippi Works Fund distribution within 60 days.

Requires the State Workforce Investment Board to establish performance metrics measuring the Mississippi Works Fund's added value to the state and local economy, with annual reporting to the Governor, Lieutenant Governor, and Speaker of the House.