Amendment ID: S2001-22-R1

Redraft Amendment 22

Unemployment Insurance

Mr. Wolf moves to amend the bill by inserting after section 1 the following 2 sections:-

“SECTION 1A. Said section 14 of said chapter 151A, as so appearing, is hereby amended by striking out, in lines 39 and 51,  the word “twelve” each time it appears and inserting in place thereof in each instance the following figure:- 36.

SECTION 1B.  Said section 14 of said chapter 151A, as so appearing, is hereby further amended by striking out, in line 56, the words “calendar year” and inserting in place thereof the following words:- 36 consecutive months”.; and

by inserting after section 2 the following 2 sections:-

"SECTION 2A. Said section 14 of said chapter 151A, as so appearing, is hereby amended by striking out, in lines 68 and 228, the word “twelve” each time it appears and inserting in place thereof, in each instance, the following figure:- 36.

SECTION 2B. Said section 14 of said chapter 151A, as so appearing, is hereby amended by striking out, in line 167, the words “twelve-months'” and inserting in place thereof the following words:- 36 consecutive month”.; and

by striking out section 15 and inserting in place thereof the following section:-

“SECTION 15. Notwithstanding section 14 of chapter 151A of the General Laws, for calendar year 2016, the experience rate of an employer qualifying under subsection (b) of section 14 of chapter 151A of the General Laws shall be the rate which appears in column “A” of clause (1) of subsection (i) of said section 14 of said chapter 151A; provided however, if the rate appearing in said column “A” is projected to result in a balance in the Unemployment Compensation Fund of less than $250,000,000, or greater as needed to ensure the minimum solvency of the Unemployment Compensation Fund, at the end of calendar year 2016, then the secretary of labor and workforce development shall submit a report to the clerks of the house of representatives and senate, the house and senate chairs of the joint committee on labor and workforce development and the house and senate chairs of the committees on ways and means, not later than December 31, 2015, with recommendations on the necessary rate change according to the rates set under said clause (1) of said subsection (i) of said section 14 of said chapter 151A to maintain an end of calendar year 2016 balance of $250,000,000, or greater as needed to ensure the minimum solvency of the Unemployment Compensation Fund; provided, further that said recommended rate change shall not exceed the rate set forth in column “C” of said clause (1) of said subsection (i) of said section 14 of said chapter 151A.”.