OR SB143

Increases the portion of unemployment insurance tax rates directed to the Supplemental Employment Department Administration Fund from 0.109% to 0.135% of each employer's rate under Table A, effective for calendar quarters beginning April 1, 2025

Modifies the fund transfer threshold for the Supplemental Employment Department Administration Fund, changing from 150% of first quarter collections to one-eighth of the Employment Department's biennial budgeted moneys (excluding Office of Administrative Hearings and family/medical leave insurance program)

Excess funds above the new threshold in the Supplemental Employment Department Administration Fund must be transferred to the Unemployment Compensation Trust Fund by December 31 of each odd-numbered year

Employers assigned the maximum 5.4% tax rate remain exempt from the additional assessments for the Supplemental Employment Department Administration Fund and Wage Security Fund

Takes effect 91 days after the 2025 regular legislative session adjourns sine die