SB 911 Summary

• Decreases applicable percentages for conditional factors in the Oklahoma Unemployment Compensation Fund, reducing taxable wage percentages across conditions "a" through "d" by 1.25 to 2.5 percentage points.

• Adds rate tables for each conditional factor (A, B, C, D) in Section 3-109 that specify employer contribution rates based on benefit wage ratios and state experience factors.

• Removes formula-based benefit wage ratio increases from Section 3-113 and replaces them with specific delineated rates from the Conditional Factor Rate table for each condition level.

• Increases the minimum fund balance threshold in Section 3-114 from Twenty-five Million Dollars ($25,000,000.00) to Fifty Million Dollars ($50,000,000.00) for surcharge assessment and emergency fund management purposes.

• Becomes effective November 1, 2025.