Bill Summary for S 311 (2021-2022)
Nov 2 2021
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AN ACT PROHIBITING MEMBERSHIP WAITING PERIODS FOR ELIGIBLE EMPLOYEES UNDER THE LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM, UPDATING THE VOLUNTEER FIRE DEPARTMENT FUND MATCHING REQUIREMENTS, AND GIVING THE BOARD OF TRUSTEES OF THE LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM THE DISCRETIONARY AUTHORITY TO PROVIDE ONE-TIME PENSION SUPPLEMENTS TO ITS MEMBERS; AND TO REDUCE THE SUTA TAX RATE FOR 2022.Intro. by Corbin.
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Conference report makes the following changes to the 5th edition.
Adds a new Section to the act as follows. States that the base contribution rate to the Unemployment Insurance Fund determined under GS 96-9.2(c) for an experience-rated employer will remain at 1.9% for the 2022 calendar year. Makes conforming changes to the act's long title.