Bill > A08936

This bill provides for unemployment insurance financing reform by making several key changes to the labor law. The bill defines new terms like "calendar quarter" (a thirteen-week period starting on January 1, April 1, July 1, or October 1), "payroll" (all wages paid by an employer during a calendar quarter), "annual payroll" (wages for four consecutive quarters), and "computation date" (December 31 of the year preceding the calendar year for contribution rates). It introduces a new method for calculating an employer's experience rating based on an "average decline quotient," which measures the quarterly decline in an employer's payroll. The bill modifies the contribution rate calculation for employers, establishing a more complex system that considers an employer's payroll history, with rates ranging from 0.95% to 5.4%. Additionally, the bill reduces the contribution to the re-employment service fund from 0.075% to 0.0125% of quarterly taxable payroll and introduces provisions for penalizing employers with delinquent accounts by assigning them the highest contribution rate. The changes aim to create a more nuanced and potentially fairer system for determining unemployment insurance contributions based on an employer's economic performance and compliance history.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A8936