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STATE OF OKLAHOMA
1st Session of the 58th Legislature (2021)
SENATE BILL 84 By: Hall
AS INTRODUCED
An Act relating to the Oklahoma Employment Security
Commission; directing certain review and evaluation
of unemployment compensation a nd employer
contribution rates; directing development of method
to tie certain benefits and rates to certain economic
conditions; providing for recommendations for
determining the Unemployment Insurance Trust F und
minimum balance and for employer rebates u nder
certain conditions; requiring certain report by
certain date; providing for noncodification; and
directing report dis tribution.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new sectio n of law not to be
codified in the Oklahoma Statutes reads as follows:
The Oklahoma Employment Security Commission is authorized an d
directed to review the unemployment compensation structure in this
state and to develop a method that ties unemployment ben efits and
employer contribution rates to the economic conditions and
employment rates of this state. The Commission is further dir ected
to evaluate and make recommendations regarding the minimum balance
amount to be maintained in the Unemployment Insuranc e Trust Fund and
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recommend a method to offer employer rebates when such trust fund
clearly exceeds the recommended balance of funds available to pay
unemployment benefits. A report shall be provided to the Pres ident
Pro Tempore of the Senate and the Speak er of the House of
Representatives by January 1, 202 2.
58-1-313 NP 12/3/2020 4:09:57 PM