Oregon SB1520 amends the administration of the Paid Family and Medical Leave Insurance Fund.

Oregon SB1520 modifies the administration of the Paid Family and Medical Leave Insurance Fund by authorizing the Director of the Employment Department to adopt rules for an accounting system. This system will manage contributions and benefits paid from the fund, ensuring compliance with tax reporting and withholding requirements. The fund, established in the State Treasury, consists of contributions and interest earned, and is used for administrative costs and the director's compensation. The bill takes effect 91 days after the adjournment sine die of the 2026 regular session.

Oregon SB1520 amends the administration of the Paid Family and Medical Leave Insurance Fund.

Oregon SB1520 modifies the administration of the Paid Family and Medical Leave Insurance Fund by authorizing the Director of the Employment Department to adopt rules for an accounting system. This system will manage contributions and benefits paid from the fund, ensuring compliance with tax reporting and withholding requirements. The fund, established in the State Treasury, consists of contributions and interest earned, and is used for administrative costs and the director's compensation. The bill takes effect 91 days after the adjournment sine die of the 2026 regular session.