Plain English Breakdown
The exact percentage increase in contributions is not specified in the provided official source material, only that it changes from one-tenth of one percent to twenty percent.
Increasing Money for Job Training
This act raises contributions to help fund job training programs run by the Department of Labor and Workforce Development.
What This Bill Does
- Increases the amount that employees must contribute towards job training programs from one-tenth of one percent to twenty percent of their wages as set out in AS 23.20.175, on which they are required to make contributions under AS 23.20.290(d).
- Requires the Department of Revenue to receive funds collected by the Department of Labor and Workforce Development.
Who It Names or Affects
- Employees who are required to make contributions under existing laws.
- The Department of Labor and Workforce Development, which runs job training programs.
- The Department of Revenue, which will handle the money collected from employees.
Terms To Know
- Department of Labor and Workforce Development
- A state agency that helps people find jobs and provides training to improve skills.
- Contributions
- Money paid by employees towards job training programs.
Limits and Unknowns
- The exact amount of the increase is not specified in the summary.
- It's unclear how this change will affect specific contracts or agreements entered into after the effective date of this Act.