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Appropriations committee reports S.117 favorably after briefing on unemployment insurance changes and short-term compensation
Summary
The committee advanced S.117, a committee bill that makes technical corrections to Department of Labor statutes, aligns an unemployment-insurance tax-rate calculation with federal guidance and would reinstate the short-term compensation program; the committee reported the bill favorably by voice/roll call.
Senators on the Appropriations Committee voted to report S.117 favorably after a committee briefing that described technical corrections to Department of Labor statutes, an adjustment to how unemployment-insurance (UI) employer tax rates are calculated and a proposal to reinstate the short-term compensation program.
A committee presenter introduced S.117 as a committee bill of technical and administrative corrections for the Department of Labor. The presenter said section 18 changes the metric used to determine the annual UI employer tax-rate schedule — moving from using the highest amount of benefits paid to a benefit-to-cost ratio calculation — to align Vermont’s calculation with U.S. Department of…
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