Sub. H.B. No. 484 Summary

• Creates the "SharedWork Ohio Program" allowing employers to reduce employee work hours instead of laying off workers, with participating employees receiving shared work benefits.

• Employers must submit written shared work plans to the Director of Job and Family Services for approval, identifying participating employees and describing how the program will be implemented, including plans for advance notice and employee training opportunities.

• Participating employees are eligible for shared work benefits if employed by an approved participating employer, have work hours reduced by 10-50 percent, and meet other unemployment compensation requirements.

• Shared work benefits equal an employee's regular weekly benefit amount multiplied by the percentage of wage reduction under the approved plan, capped at 26 times the weekly amount; benefits count against the employee's annual maximum benefit entitlement.

• Adds definitions for terms including "cost savings day," "participating employee," "participating employer," and "shared work benefit" to Ohio's unemployment compensation law.