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OK SB1870
Bill
AI Summary
- Professional Employer Organizations (PEOs) and their clients are established as coemployers of covered employees under the Employment Security Act of 1980
- PEOs that fail to register under the Oklahoma Professional Employer Organization Recognition and Registration Act will be treated as third-party administrators, requiring power of attorney to access client account information
- PEOs must choose one of two reporting options: report all covered employees under a single PEO account, or report employees separately under each client's account with the Oklahoma Employment Security Commission
- PEOs must file quarterly reports listing all clients with their federal employer identification numbers, names, contact information, and current registration certificates
- Existing PEOs must comply by January 1, 2015; new PEOs must comply upon becoming liable for contributions; PEOs may change their reporting election only once after initial selection
Legislative Description
Labor; making certain entities coemployers; making Professional Employer Organization a third-party administrator for failure to register; reporting; modifying unemployment compensation contributions. Effective date.
Business and Labor
Last Action
HAs read
4/16/2014
Committee Referrals
Economic Development and Financial Services3/19/2014
Business and Commerce2/4/2014
Full Bill Text
No bill text available