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BOLI presents guardrails for new expenses account; MLAC signals support
Summary
Bureau of Labor and Industries staff presented parallel amendments to SB1506 and HB4027 to create a separate BOLI expenses account with statutory guardrails and reporting; MLAC members confirmed oversight expectations and expressed support for the approach.
Josh Nasby of the Bureau of Labor and Industries briefed the committee on identical dash-1 amendments to SB1506 and HB4027 that would create a separate BOLI expenses account funded through an assessment mechanism and insulated from the workers' benefit fund.
Nasby said the amendments establish a separate account (described in the draft as the "BOLI expenses fund"), prohibit transfers from the workers' benefit fund into the new account, and set caps on how many temporary or permanent positions the fund can support. He described annual reporting expectations: "If passed, I will ask the Bureau of Labor and Industries to make annual reports to this committee on how the funding allocated by this measure is being spent and used," he quoted senator Taylor as saying.
Director O'Day cautioned that the exact assessment rate is set in September based on economic data but said current trend-line estimates place the initial assessment at 0.2 of a cent in total (one-half cent split across employees and employers as presented). Committee members sought clarification on oversight roles and reporting; Nasby confirmed that MLAC would have the opportunity to review proposed changes to assessments in the same way it oversees the workers' benefit fund.
The committee thanked staff for the clarifications and indicated support for the draft amendments and reporting guardrails.
