Loading chat...
OR SB1520
Bill
AI Summary
-
Authorizes the Director of the Employment Department to adopt rules establishing an accounting system for contributions made to and benefits paid from the Paid Family and Medical Leave Insurance Fund
-
Permits the accounting system to allocate fund moneys for benefit payments by type of qualifying leave (family leave, medical leave, etc.)
-
Allows restricting benefit payments for specific leave types to moneys from employee contributions only, employer contributions only, or a combination as determined by the director
-
Purpose is to ensure compliance with tax reporting and withholding requirements
-
Takes effect 91 days after the 2026 regular legislative session adjourns sine die
Legislative Description
Relating to the administration of moneys within the Paid Family and Medical Leave Insurance Fund; and prescribing an effective date.
Last Action
Effective on the 91st day following adjournment sine die.
3/4/2026