summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation to establish a special commission (including members of the General Court) on solvency of the Unemployment Trust Fund. Labor and Workforce Development.
AI Summary
This bill establishes a special commission to study the long-term solvency of the Massachusetts Unemployment Trust Fund. The 15-member commission will include legislators, state officials, and representatives from various business and labor organizations. The commission will evaluate the experience rating system, examine increasing or indexing the taxable wage base, review solvency efforts in other states, and determine what changes are necessary to benefit from federal tax credits and interest-free borrowing. The commission is required to hold public hearings and submit a report with recommendations for legislation to ensure the long-term solvency of the trust fund by October 1, 2021.
Committee Categories
Labor and Employment
Sponsors (11)
Tram Nguyen (D)*,
Andy Vargas (D)*,
Christine Barber (D),
Marcos Devers (D),
Nika Elugardo (D),
Chris Hendricks (D),
Vanna Howard (D),
David LeBoeuf (D),
Kate Lipper-Garabedian (D),
Christina Minicucci (D),
Lindsay Sabadosa (D),
Last Action
Accompanied a new draft, see S3023 (on 07/21/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H2034 |
| Bill | https://malegislature.gov/Bills/192/H2034.pdf |
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