RÉSUMÉ DIGEST
ACT 316 (HB 380) 2021 Regular Session Lyons
Relative to unemployment compensation, existing law provides for a reduction in employers'
contributions.
Existing law provides that if, at the computation date in any year, the unemployment trust
fund balance, including all monies in the benefit transfer account, exceeds a specific dollar
amount, a specific reduction in contributions shall be granted to certain employers.
Prior law provided that if the unemployment trust fund balance would have exceeded $400
million, each employer would have received a 10% reduction in contributions due under the
rate table as provided in existing law.
New law provides that instead of a 10% reduction in contributions being granted to each
employer, a 10% reduction in contributions will apply only to employers with a positive
reserve ratio.
Prior law provided that if the unemployment trust fund balance would have exceeded $1.4
billion, each employer would have received a 10% reduction in contributions due under the
rate table as provided in existing law.
New law provides that instead of a 10% reduction in contributions being granted to each
employer, a 10% reduction in contributions will apply only to employers with a positive
reserve ratio.
Effective August 1, 2021.
(Amends R.S. 23:1536(E)(2) and(3))