Do you know all the Federal and State legislation that may influence your unemployment compensation program and ultimately affect the bottom line of your business? Probably not, but that’s why having a partner like Sheakley can help you keep track of proposed bill details and offer analysis regarding how the bill may impact unemployment and your business.
Currently Ohio Senate Bill 235, which passed the Senate and House in 2016, will have an impact on Ohio employers and claimants with the following approved laws:
- Raises, for a two-year period January 1, 2018 to January 1, 2020, the taxable wage base used for the payment of unemployment contributions from $9,000 to $9,500.
- Eliminates the unemployment contribution rate increase for paying principal on federal advances (removes HB 390 requirement).
- Freezes, for calendar years 2018 and 2019, the maximum weekly unemployment benefit amounts at the maximum benefit amounts in effect on the act’s effective date (2017 maximum will apply).
If you’re interested in receiving information like this all the time and would like help with your Ohio unemployment program, please contact Sheakley’s Unemployment Department at 513-326-4675 ext. 2056 and ask to speak to one of our experienced Unemployment Insurance Consultants.