New York A08936 proposes unemployment insurance financing reform, including new definitions and experience rating calculations.

New York A08936 amends the labor law to reform unemployment insurance financing. It introduces new definitions for terms like "annual payroll," "computation date," and "average decline quotient." The bill also establishes new calculations for experience rating, determining employer contributions based on average benefit rate cost and average decline quotient. Employers are assigned to rate classes based on their annual payroll and experience factor.

New York A08936 proposes unemployment insurance financing reform, including new definitions and experience rating calculations.

New York A08936 amends the labor law to reform unemployment insurance financing. It introduces new definitions for terms like "annual payroll," "computation date," and "average decline quotient." The bill also establishes new calculations for experience rating, determining employer contributions based on average benefit rate cost and average decline quotient. Employers are assigned to rate classes based on their annual payroll and experience factor.