The bill amends RCW 50.29.026 to remove the sunset provision on changes to the unemployment insurance voluntary contribution program, thereby making these changes permanent. Key modifications include the elimination of a previously mandated surcharge on voluntary contributions, which allows employers to make contributions equal to the benefits charged to their accounts without an additional fee. The minimum contribution required to achieve a lower benefit ratio has been adjusted from four rate classes to two, and the deadline for timely payment of voluntary contributions has been extended from February 15th to March 31st of the rate year.

Additionally, the bill clarifies that the provisions apply only to employers who have experienced an increase of at least eight rate classes from the previous tax year. The changes aim to provide more flexibility and support for employers in managing their unemployment insurance contributions, ultimately benefiting the overall unemployment insurance system in Washington State.

Statutes affected:
Original Bill: 50.29.026
Bill as Passed Legislature: 50.29.026
Session Law: 50.29.026