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 Commission on Unemployment Trust Fund Solvency. Labor and Workforce Development.
AI Summary
This bill establishes a Commission on Unemployment Trust Fund Solvency to study the long-term solvency of the unemployment trust fund in Massachusetts. The commission will have 15 members, including state officials, representatives from labor organizations, business associations, and other stakeholder groups. 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 by October 1, 2021, with recommendations for legislation to ensure the long-term solvency of the trust fund and meet solvency criteria under federal law.
Committee Categories
Labor and Employment
Sponsors (3)
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 |
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State Bill Page | https://malegislature.gov/Bills/192/S1216 |
Bill | https://malegislature.gov/Bills/192/S1216.pdf |
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