Suspends employer contributions to the interest assessment surcharge fund until December 31, 2027.
The bill amends the labor law to suspend employer contributions to the interest assessment surcharge fund until December 31, 2027. It also appropriates $500 million from the Economic Uncertainties Fund to pay interest on advances from the federal unemployment account. The act takes effect immediately and expires on the specified date.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.