Bill Text: GA HB292 | 2011-2012 | Regular Session | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Employment security; extend rates and credits; change certain provisions
Spectrum: Partisan Bill (Republican 5-0)
Status: (Passed) 2011-05-11 - Effective Date [HB292 Detail]
Download: Georgia-2011-HB292-Comm_Sub.html
Bill Title: Employment security; extend rates and credits; change certain provisions
Spectrum: Partisan Bill (Republican 5-0)
Status: (Passed) 2011-05-11 - Effective Date [HB292 Detail]
Download: Georgia-2011-HB292-Comm_Sub.html
11 LC
36 1838S
The
House Committee on Industrial Relations offers the following substitute to
HB 292:
HB 292:
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Chapter 8 of Title 34 of the Official Code of Georgia Annotated, relating
to employment security, so as to extend certain contribution rates and credits;
to change certain provisions relating to benefit experience; to extend
suspension of adjustments based upon the State-wide Reserve Ratio for the
calendar year 2012; to provide for an increase in the overall rate; to continue
provisions relating to administrative assessments; to extend the provision
relating to automatic repeal; to provide for related matters; to provide an
effective date; to repeal conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Chapter
8 of Title 34 of the Official Code of Georgia Annotated, relating to employment
security, is amended by revising Code Section 34-8-151, relating to the rate of
employer contributions, as follows:
"34-8-151.
(a)
For periods prior to April 1, 1987, or after December 31,
2011
2016,
each new or newly covered employer shall pay contributions at a rate of 2.7
percent of wages paid by such employer with respect to employment during each
calendar year until the employer is eligible for a rate calculation based on
experience as defined in this chapter, except as provided in Code Sections
34-8-158 through 34-8-162.
(b)
For periods on or after April 1, 1987, but on or before December 31, 1999, each
new or newly covered employer shall pay contributions at a rate of 2.64 percent
of wages paid by such employer with respect to employment during each calendar
year until the employer is eligible for a rate calculation based on experience
as defined in this chapter, except as provided in Code Sections 34-8-158 through
34-8-162.
(c)
For periods on or after January 1, 2000, but on or before December 31,
2011
2016,
each new or newly covered employer shall pay contributions at a rate of 2.62
percent of wages paid by such employer with respect to employment during each
calendar year until the employer is eligible for a rate calculation based on
experience as defined in this chapter, except as provided in Code Sections
34-8-158,
34-8-159, 34-8-160, 34-8-161, and
through
34-8-162."
SECTION
2.
Said
chapter is further amended by revising the introductory language to subsections
(c) and (e) of Code Section 34-8-155, relating to benefit experience, as
follows:
"(c)
For the periods prior to April 1, 1987, or after December 31,
2011
2016,
variations from the standard rate of contributions shall be determined in
accordance with the following requirements:"
"(e)
For the periods on or after January 1, 2000, but on or before December 31,
2011
2016,
variations from the standard rate of contributions shall be determined in
accordance with the following requirements:"
SECTION
3.
Said
chapter is further amended by revising subparagraph (d)(4)(B) of Code Section
34-8-156, relating to the State-wide Reserve Ratio, as follows:
"(B)
Except for any year or portion of a year during which the provisions of
paragraph (1) of subsection (f) of Code Section 34-8-155 apply, when the
State-wide Reserve Ratio, as calculated above, is less than 1.7 percent, there
shall be an overall increase in the rate, as of the computation date, for each
employer whose rate is computed under a rate table in Code Section 34-8-155 in
accordance with the following table:
If
the State-wide Reserve Ratio:
|
||
Equals
or
Exceeds
|
But
Is
Less
Than
|
Overall
Increase
|
1.5
percent
|
1.7
percent
|
25
percent
|
1.25
percent
|
1.5
percent
|
50
percent
|
0.75
percent
|
1.25
percent
|
75
percent
|
Under
0.75 percent
|
|
100
percent
|
provided,
however, that for the periods of January 1 through December 31, 2004; January 1
through December 31, 2005; and January 1 through December 31, 2006, the overall
increase in the rate required under this subparagraph shall be suspended and the
provisions of this subparagraph shall be null and void, except in the event the
State-wide Reserve Ratio, as calculated above, is less than 1.00 percent on the
computation date with respect to rates applicable to calendar year 2004, 2005,
or 2006, then for each such year the Commissioner of Labor shall have the option
of imposing an increase in the overall rate of up to 35 percent, as of the
computation date, for each employer whose rate is computed under a rate table in
Code Section 34-8-155; and provided, further, that for the periods of January 1
through December 31, 2007, January 1 through December 31, 2008, January 1
through December 31, 2009, January 1 through December 31, 2010,
and
January 1 through December 31, 2011,
and January 1
through December 31, 2012, the overall
increase in the rate required under this subparagraph shall be suspended and the
provisions of this subparagraph shall be null and void, except in the event the
State-wide Reserve Ratio, as calculated above, is less than 1.25 percent on the
computation date with respect to rates applicable to calendar year 2007, 2008,
2009, 2010,
or
2011, or
2012,
then for each such year the Commissioner of Labor shall have the option of
imposing an increase in the overall rate of up to
3550
percent, as of the computation date, for each employer whose rate is computed
under a rate table in Code Section 34-8-155."
SECTION
4.
Said
chapter is further amended by revising subsection (b) of Code Section 34-8-180,
relating to an administrative assessment on all wages, as follows:
"(b)
For the periods on or after January 1, 2000, but on or before December 31,
2011
2016,
there is created an administrative assessment of 0.08 percent to be assessed
upon all wages as defined in Code Section 34-8-49, except the wages
of:
(1)
Those employers who have elected to make payments in lieu of contributions as
provided by Code Section 34-8-158 or who are liable for the payment of
contributions as provided in said Code section; or
(2)
Those employers who, by application of the State-wide Reserve Ratio as provided
in Code Section 34-8-156, have been assigned the minimum positive reserve rate
or the maximum deficit reserve rate."
SECTION
5.
Said
chapter is further amended by revising subsection (b) of Code Section 34-8-181,
relating to an additional administrative assessment for new or newly covered
employers, as follows:
"(b)
For the periods on or after January 1, 2000, but on or before December 31,
2011
2016,
in addition to the rate paid under Code Section 34-8-151, each new or newly
covered employer shall pay an administrative assessment of 0.08 percent of wages
payable by it with respect to employment during each calendar year until it is
eligible for a rate calculation based on experience as defined in this chapter,
except as provided in Code Section 34-8-158."
SECTION
6.
Said
chapter is further amended by revising Code Section 34-8-185, relating to the
automatic repeal of Article 6, as follows:
"34-8-185.
This
article shall stand repealed in its entirety on December 31,
2011
2016."
SECTION
7.
This
Act shall become effective upon its approval by the Governor or upon its
becoming law without such approval.
SECTION
8.
All
laws and parts of laws in conflict with this Act are repealed.