Revises unemployment compensation law, including employer and employee contribution rates.

Ohio HB321 revises the Unemployment Compensation Law by altering the contribution rates for employers and employees. It mandates that employer contributions accrue and become payable by each employer for each period of employment. The bill also requires employee contributions to be paid at a rate of fourteen hundredths of one percent of gross remuneration. It establishes procedures for determining employer contribution rates and adjusting them based on the unemployment compensation fund's balance.

Revises unemployment compensation law, including employer and employee contribution rates.

Ohio HB321 revises the Unemployment Compensation Law by altering the contribution rates for employers and employees. It mandates that employer contributions accrue and become payable by each employer for each period of employment. The bill also requires employee contributions to be paid at a rate of fourteen hundredths of one percent of gross remuneration. It establishes procedures for determining employer contribution rates and adjusting them based on the unemployment compensation fund's balance.