HOUSE OF REPRESENTATIVES

H.B. NO.

1098

THIRTY-FIRST LEGISLATURE, 2021

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

relating to employment security.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 


     SECTION 1.  Section 383-68, Hawaii Revised Statutes, is amended by amending subsection (c) to read as follows:

     "(c)  Effective with calendar year 1992 and thereafter, before December 31 of the previous year the contribution rate schedule for the following calendar year shall be determined on the basis of the relationship between the most recent current reserve fund and the most recent adequate reserve fund, in accordance with this subsection and subsection (d).

     (1)  Whenever the ratio of the current reserve fund to the adequate reserve fund is greater than 1.69, contribution rate schedule A shall apply.

     (2)  Whenever the ratio of the current reserve fund to the adequate reserve fund is 1.3 to 1.69, contribution rate schedule B shall apply.

     (3)  Whenever the ratio of the current reserve fund to the adequate reserve fund is 1.0 to 1.29, contribution rate schedule C shall apply.

     (4)  Whenever the ratio of the current reserve fund to the adequate reserve fund is .80 to .99, contribution rate schedule D shall apply.

     (5)  Whenever the ratio of the current reserve fund to the adequate reserve fund is .60 to .79, contribution rate schedule E shall apply.

     (6)  Whenever the ratio of the current reserve fund to the adequate reserve fund is .40 to .59, contribution rate schedule F shall apply.

     (7)  Whenever the ratio of the current reserve fund to the adequate reserve fund is .20 to .39, contribution rate schedule G shall apply.

     (8)  Whenever the ratio of the current reserve fund to the adequate reserve fund is less than .20, contribution rate schedule H shall apply.

     Notwithstanding the ratio of the current reserve fund to the adequate reserve fund, contribution rate schedule D shall apply for calendar year 2010 [and], contribution rate schedule F shall apply for calendar years 2011 and 2012[.], and contribution rate schedule     shall apply to small business employers for calendar years 2021 and 2022.

     As used in this subsection, "small business employer" means an employer having less than one hundred employees during a calendar year.  "Small business employer" includes employers that experienced layoffs or closures due to the coronavirus disease 2019 (COVID-19) pandemic."

     SECTION 2.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 3.  This Act shall take effect upon its approval; provided that section 1 shall apply retroactively to January 1, 2021.

 

INTRODUCED BY:

_____________________________

 

 


 


 

Report Title:

Employment Security; Contribution Rate Schedules; Small Business Employers

 

Description:

Sets the employer contribution rate for small business employers for calendar years 2021 and 2022 at an unspecified schedule.  Defines "small business employer".  Applies retroactively to 01/01/21.

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.