Ohio SB263 amends unemployment compensation law to revise employer account management and contribution rates.

Ohio SB263 modifies the management of employer accounts under the state's unemployment compensation law. It mandates the director of job and family services to maintain separate accounts for each employer, crediting them with benefits based on remuneration paid. The bill outlines procedures for transferring experience between employer accounts, including permanent transfers under specific conditions. It also details rules for voluntary payments and the handling of negative balances.

Ohio SB263 amends unemployment compensation law to revise employer account management and contribution rates.

Ohio SB263 modifies the management of employer accounts under the state's unemployment compensation law. It mandates the director of job and family services to maintain separate accounts for each employer, crediting them with benefits based on remuneration paid. The bill outlines procedures for transferring experience between employer accounts, including permanent transfers under specific conditions. It also details rules for voluntary payments and the handling of negative balances.