SF0066 • 2007

Unemployment compensation adjustment factor.

AN ACT relating to unemployment compensation contribution rates; providing that a positive fund balance adjustment factor be apportioned among employers as specified; and providing for an effective date.

Labor

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Senator Johnson
Last action: 2007-02-28
Official status: enrolled
Effective date: 7/1/2007

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

SF0066S2001

2nd reading • JOHNSON

Adopted

Plain English: Adopted 2nd reading by JOHNSON

This amendment summary is using official source text because generated interpretation was skipped for this run.
The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

SF0066SS001

Standing Committee • SCOTT

Adopted

Plain English: Adopted Standing Committee by SCOTT

This amendment summary is using official source text because generated interpretation was skipped for this run.
The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

Bill History

2007-02-28 LSO
Assigned Chapter Number - 144
2007-02-28 Governor
Governor Signed SEA0061
2007-02-26 House
H Speaker Signed SEA No. 61
2007-02-23 Senate
S President Signed SEA No. 0061
2007-02-23 LSO
Assigned Number SEA0061
2007-02-23 House
H Passed 3rd Reading
2007-02-22 House
H Passed 2nd Reading
2007-02-21 House
H Passed CoW
2007-02-20 House
H Placed on General File
2007-02-20 House
H10 Recommended Do Pass
2007-02-06 House
H Introduced and Referred to H10
2007-02-05 House
H Received for Introduction
2007-02-01 Senate
S Passed 3rd Reading
2007-01-31 Senate
S Passed 2nd Reading
2007-01-31 Senate
Amendment Adopted
2007-01-30 Senate
S Passed CoW
2007-01-30 Senate
Amendment Adopted
2007-01-30 Senate
S Amendments Adopted
2007-01-26 Senate
S Placed on General File
2007-01-26 Senate
S10 Recommended Amend and Do Pass
2007-01-10 Senate
S Introduced and Referred to S10
2007-01-09 Senate
S Received for Introduction
2007-01-05 LSO
Bill Number Assigned

Official Summary Text

2007 General Session Summary for SF0066

Bill No.:
SF0066
Drafter:

JWL

LSO No.:
07LSO-0087
Effective Date:

7/1/2007

Enrolled Act No.:
SEA0061

Chapter No.:

Prime Sponsor:
Senator
Johnson

Catch Title:
Unemployment
compensation adjustment factor.

Subject:
Provides for
apportionment of the positive fund balance adjustment factor.

Summary/Major Elements:

Current unemployment
compensation law requires the Department of Employment to charge a positive
fund adjustment factor to all employers if the fund balance on October 31 falls
below 3.5% of the total payrolls reported for the year ending June 30.

This act requires the
Department of Employment to adopt rules and regulations apportioning the
adjustment factor using a formula that reflects:

o

The proportion of
contribution revenue received from employers who have had unemployment claims
and those who have not had unemployment claims during the previous calendar
year; and

o

An additional surcharge for
new employers and employers whose employees have filed unemployment claims
during the previous calendar year.

Current Bill Text

Read the full stored bill text

WORKING DRAFT

ORIGINAL SENATE

FILE

NO.
0066

ENROLLED ACT NO. 61, SENATE

FIFTY-NINTH LEGISLATURE OF THE STATE OF WYOMING
2007 GENERAL SESSION

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.
W.S. 27
‑
3
‑
505(b) is amended to read:

27
‑
3
‑
505.

Adjustment for noncharged and ineffectively charged benefits; adjustment for positive and negative fund balance; computations; exception; maximum rate.

(b)

If the fund balance on October 31 of the year immediately preceding the calendar year for which the contribution rate is being computed is less than three and one-half percent (3½%) of the total payrolls reported to the department by September 30 for that year ending June 30, a positive fund balance adjustment factor shall be computed. The adjustment factor shall be computed annually to the fourth decimal by dividing the total reported taxable payrolls for the year ending June 30 of the year immediately preceding the calendar year for which the contribution rate is being computed, into a sum equal to twenty-five percent (25%) of the difference between the amount in the fund on October 31 of the same year and five percent (5%) of the total payrolls for that year ending June 30. The adjustment factor shall be effective until the fund balance on October 31 of the year immediately preceding the effective date of the contribution rate equals three and one-half percent (3½%) or more of the total payrolls for that year ending June 30.
The department shall by rule and regulation establish an additional formula to apportion the positive fund balance adjustment factor between those employers whose accounts have
incurred a benefit ratio, pursuant to W.S. 27
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3
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503(e), of zero (0) and those employers whose accounts have incurred a benefit ratio that is greater than zero (0).
For purposes of the apportionment, those employers having no established experience period pursuant to W.S. 27
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3
‑
503(f) shall be treated the same as those employers whose accounts have
incurred a benefit ratio that is greater than zero (0).
The apportionment formula shall reflect:

(i)

The proportion of contribution revenue received from each of the two (2) groups of employers during the previous calendar year;

(ii)

An additional surcharge for employers whose accounts have i
ncurred a benefit ratio that is greater than zero (0).

Section 2.

This act is effective July 1, 2007.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the Senate.

Chief Clerk