Modifies the employer's investment in South Dakota's future fee, including rates and opt-in/opt-out procedures.

This bill amends the employer's investment in South Dakota's future fee, adjusting the rates based on wage levels and introducing an opt-in/opt-out process for employers. Employers not opting in are considered to have opted out. The fee rates vary from 0.10% to 1.00% depending on wage brackets. Employers can choose to opt in or out of paying the fee, with specific procedures outlined for doing so. The proceeds from the fee are directed to the employer's investment in South Dakota's future fund and cannot be credited to an employer's experience-rating account.

Modifies the employer's investment in South Dakota's future fee, including rates and opt-in/opt-out procedures.

This bill amends the employer's investment in South Dakota's future fee, adjusting the rates based on wage levels and introducing an opt-in/opt-out process for employers. Employers not opting in are considered to have opted out. The fee rates vary from 0.10% to 1.00% depending on wage brackets. Employers can choose to opt in or out of paying the fee, with specific procedures outlined for doing so. The proceeds from the fee are directed to the employer's investment in South Dakota's future fund and cannot be credited to an employer's experience-rating account.