The bill introduced by Representative Peterson amends several sections of the Revised Code concerning the Unemployment Compensation Law, primarily focusing on increasing the taxable wage base for employers contributing to the Unemployment Compensation Fund. It mandates that employees of contributory employers must also pay a contribution when their employer has a negative account balance in the fund, thereby enhancing the financial stability of the system. The bill includes amendments to multiple sections, such as 4141.01 and 4141.09, and enacts a new section, 4141.252, which clarifies the definitions and requirements surrounding employer contributions and employee responsibilities. Notably, it raises the maximum wage threshold for contributions from $9,000 to $9,500 starting January 1, 2026, aligning wage definitions with current economic conditions.

Additionally, the bill introduces new provisions that require written applications for adjustments or refunds of contributions to be made within four years of payment and allows employers to request refunds of employee contributions directly to employees if they are no longer employed. It clarifies that contributions to the unemployment compensation fund are required from both employers and employees, and it establishes a framework for the collection of unpaid contributions, including penalties for non-compliance. The bill also emphasizes the importance of timely reporting and payment, with provisions for interest on unpaid employer contributions and the ability for the director of job and family services to adopt rules for the collection of employee contributions. Overall, these amendments aim to enhance the efficiency, accountability, and financial stability of Ohio's unemployment compensation system.

Statutes affected:
As Introduced: 4141.01, 4141.09, 4141.13, 4141.23, 4141.231, 4141.24, 4141.25, 4141.26, 4141.27, 4141.36, 4141.39, 5726.31, 5733.121, 5736.081, 5747.12, 5751.081