It’s thought that if the state went into a recession now, its unemployment compensation fund wouldn’t be able to pay laid-off workers for more than a few weeks. But there’s still been no progress on a bill that’s touted as a way to fix the fund. These hearings have become routine with many still waiting for action.
The bill to change the way money is put into the fund the state uses to pay benefits to unemployed workers is taking another step forward this week. The controversial bill still has yet to pick up support from labor or business groups.
Business and labor leaders both agree that something needs to be done to overhaul the fund Ohio uses to pay out jobless benefits. They want to avoid the crisis of 2008 when the state borrowed billions from the feds when the fund dried up. A new plan has been proposed but both sides seemed to be split on the bill.
The state seems to be one step closer to a plan that would make changes to the way the state funds the program that pays benefits to unemployed workers. The next step is getting both labor and business to approve the idea.
There’s been a flurry of activity at the Statehouse, as the Senate and House move through many pieces of legislation before the year ends and there are dozens of bills that could be up for a vote on this final day of lame duck session.
There’s been a battle to change what employers pay into and what benefits workers get out of the state’s unemployment compensation fund. Now the bill to deal with that seems to be stalled at the Statehouse.
It’s coming down to the wire for lawmakers to reach agreement on a hot-button bill – how to shore up the fund that pays jobless benefits to unemployed workers. Several advocacy groups are still not happy with the proposal to change unemployment compensation funding.
Ohio’s economy, like the nation’s, has been improving in recent years since the economic downturn in 2008. But many of the jobs that are coming back are not like the ones that were lost during the most recent depression.
Lawmakers are revisiting one of the most controversial bills still floating in the General Assembly – a bill to shore up the fund that pays benefits to unemployed workers. And one of the groups critical of the original proposal from House Republicans has come out with their own plan.