West Virginia SB1053 authorizes the Unemployment Automation and Administration Fund to modernize and enhance WorkForce West Virginia.
West Virginia SB1053 creates the Unemployment Automation and Administration Fund to be used by the Commissioner of WorkForce West Virginia for modernizing the unemployment compensation system, upgrading the job search system, covering essential administrative costs, and engaging in additional workforce development initiatives. Seven percent of employer contributions will be deposited into the fund, with limitations on contributions when the fund reaches $18 million in a fiscal year or when the Unemployment Compensation Trust Fund falls below $300 million.
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