GOVERNOR CONDITIONALLY VETOES UNEMPLOYMENT INSURANCE BILL
Governor Christie conditionally vetoed S-1813 (Madden), which would mitigate the impending unemployment insurance (UI) tax increase by having employers pay the UI tax rate in column C of the tax schedule. Employers are currently paying the rates contained in column B of the UI tax schedule.
The Governor's Conditional veto maintains the move to schedule C as called for in Senator Madden's legislation, averting an automatic, per-employee tax increase on July 1 of up to $683. Instead, the average increase will be reduced to $130 per employee.
The Governor's Conditional Veto also creates an Unemployment Insurance Fund Task Force, which is charged with: studying and assessing the current unemployment insurance crisis, making recommendations on how the state can restore the fund to solvency while balancing the interests of workers and employers. Specifically,the Task Force will review all eligibility standards, benefit levels, definitions in the enemployment compensation law, statutory payroll tax triggers, contributions and experience rating tables.
The Governor's changess also create a three-tiered approach to employees who lose their jobs due to misconduct. The three-tiered structure (misconduct, severe misconduct, and gross misconduct) would either prohibit payment of unemployment benefits or extend the waiting period before benefits can be paid.
Both houses of the legislature must pass S-1813 with the Governor's changes, all of which the Chambers supports.
News
Top FAQs
- Are there any specific requirements that a customer needs to meet to be able to take advantage of Primepoint's Paperless Payroll option?
- Can my employees have secure online access to their personal payroll information and employee profile?
- Can your system track benefit time (paid time-off) for my employees?
- How do I access an individual employee's web access information?
- I am using the correct User ID and Password, why can’t I login?
- View all FAQ
Products & Services | Payroll Resources | Customer Service | About Primepoint | Frequently Asked Questions | News | Home
© 2008 - 2010 Primepoint, LLC.
© 2008 - 2010 Primepoint, LLC.
Corporate Headquarters: Primepoint, LLC, 163 Route 130, Bordentown, NJ 08505
P: 800-600-5257 F: 609-298-6742 - info@primepoint.com