Bill > S536

This bill establishes a Short-Time Compensation (STC) program in North Carolina. STC allows employers to reduce employee hours instead of laying off workers, with the employees receiving partial unemployment benefits to supplement their reduced income. The bill sets the criteria for an employer to establish an STC plan, including requirements around the reduction in work hours, employee and union approval, and continuation of employee benefits. The bill also outlines the eligibility requirements for employees to receive STC benefits, the calculation of the benefit amount, and the effect of STC benefits on an individual's maximum unemployment benefit entitlement. The program excludes seasonal, temporary, and intermittent employees.