New York S00210 sets the employer contribution rate for the unemployment insurance fund in 2026 and establishes the unemployment insurance solvency.

New York S00210 amends the labor law to set the employer contribution rate for the unemployment insurance fund in the 2026 fiscal year based on the fund index. It also establishes the unemployment insurance solvency reserve fund, which can consist of moneys deposited there, surcharges on the state, and amounts appropriated or transferred pursuant to statute. The fund can be used if the unemployment insurance fund has borrowed money from the federal government for paying benefits, the federal government has imposed an interest assessment, and the federal government is recovering the principal.

New York S00210 sets the employer contribution rate for the unemployment insurance fund in 2026 and establishes the unemployment insurance solvency.

New York S00210 amends the labor law to set the employer contribution rate for the unemployment insurance fund in the 2026 fiscal year based on the fund index. It also establishes the unemployment insurance solvency reserve fund, which can consist of moneys deposited there, surcharges on the state, and amounts appropriated or transferred pursuant to statute. The fund can be used if the unemployment insurance fund has borrowed money from the federal government for paying benefits, the federal government has imposed an interest assessment, and the federal government is recovering the principal.