The bill introduced by Representative Peterson amends several sections of the Revised Code related to the Unemployment Compensation Law, primarily focusing on increasing the taxable wage base for unemployment contributions and requiring contributory employers to have their employees pay contributions when their account balance in the Unemployment Compensation Fund is negative. A new section, 4141.252, is enacted to detail the increased taxable wage base and contribution requirements for employers with negative balances. The bill also updates definitions and clarifies employer responsibilities and employee classifications, aiming to enhance the financial stability of the unemployment compensation system in Ohio.

Additionally, the bill introduces new provisions regarding employee contributions, specifying that employees of contributory employers with negative balances will have 0.14% of their gross remuneration deducted as contributions. It establishes a new unemployment compensation benefit reserve fund to pay benefits when the main fund is insufficient and outlines the responsibilities of employers in collecting and remitting these contributions. The bill also clarifies that no agreement by an employee to pay any portion of the employer's contributions is valid, and it prohibits employers from deducting such contributions from employee salaries. Overall, the amendments aim to streamline the administration of unemployment compensation while ensuring fairness in the assessment and collection of contributions.

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