Lawmaker Proposes Bill To Stabilize Compensation Fund
A controversial bill to shore up the state's unemployment compensation fund might be moving forward soon. The bill’s sponsor says it’s a high wire act between labor and business groups. Ohio Public Radio's Andy Chow explains.
The plan would require employers to pay more into the unemployment compensation fund while also requiring some buy-in from workers.
This is all an attempt to bring the fund to solvency ahead of any impending recession.
Republican Rep. Kirk Schuring says he intends to make some tweaks while trying to maintain what he thinks is an evenly shared burden between labor and business.
“I’ve got to watch how we move things around because if we don’t have that fair balance then the bill doesn’t have as much credibility as I would like.”
Labor and business groups have voiced their concerns with the proposal as it is.
The House wants to pass the bill out of committee by the end of the year.