HB 5/LM (BR 42) - L. Clark, G. Stumbo, R. Adkins, R. Damron, M. Denham, T. Firkins, T. Mills, R. Nelson, J. Stacy, R. Weston
AN ACT relating to unemployment insurance.
Amend sections of KRS Chapter 341 to adopt recommendations of the UI Task Force; amend 341.030 to increase the taxable wage base to $9,000 on January 1, 2012 and increase by $300 each year to 2022, not to exceed $12,000; amend KRS 341.096 to revise definition of rate of "insured unemployment rate" by basing it on the weekly average number of weeks claimed for regular benefits; amend KRS 341.270 to require calculation of the unemployment insurance trust fund balance on September 30 rather than December 31 of each year; modify the tax schedule trigger amounts; change the computation date of an employer's reserve ratio and reserve account balance from September 30 to June 30; change the computation date applicable to effective date of rates from October 31 to July 31 of each year; amend KRS 341.275 and 341.277 to impose interest or amounts billed reimbursing employees; amend KRS 341.350 to impose a one week waiting period before benefits payments begin; limit the waiting week period to one per benefit year; make the waiting week compensable at end of the claim; amend KRS 341.380 to provide that on January 1, 2012, the weekly benefit rate shall be 1.1923% of total base period wages; retain and revise limitations on annual benefit increases; amend KRS 341.530 to permit an employer with a negative reserve account balance to make voluntary payments every other year.
HB 5 - AMENDMENTS
SFA (1, D. Givens) - Amend the date for actions by the Education and Workforce Development Cabinet from January 1, 2012, to July 1, 2011.
SFA (2, D. Givens) - Reduce wage replacement rate from 1.1923 percent to 1.0173 percent.
SFA (3, D. Givens) - Amend language to limit increases in the maximum weekly benefit amount to increases in the Consumer Price Index for All Urban Consumers, not to exceed five percent.
SFA (4, D. Givens) - Amend to adjust wage replacement rate annually until it equals or approximates national average wage replacement rate.
May 24-introduced in House; to Labor & Industry (H); taken from Labor & Industry (H); 1st reading; returned to Labor & Industry (H); posting waived
May 25-reported favorably, 2nd reading, to Rules; placed in the Orders of the Day for Wednesday, May 26, 2010
May 26-3rd reading, passed 95-0; received in Senate; taken from Committee on Committees (S); 1st reading; to State & Local Government (S)
May 27-taken from State & Local Government (S); 2nd reading; returned to State & Local Government (S); reported favorably, to Rules; floor amendments (1) (2) and (3) filed
May 28-posted for passage in the Regular Orders of the Day for Friday, May 28, 2010; 3rd reading; floor amendments (1) (2) and (3) withdrawn ; passed 36-1; received in House; enrolled, signed by Speaker of the House
May 29-received in Senate; floor amendment (4) filed ; enrolled, signed by President of the Senate; delivered to Governor
Jun 4-signed by Governor (Acts Chapter 5)