August 28th, 2009 by B

Author: Asilda

A short-time compensation program will be developed under this bill for voluntary States, employers, and employees. This program will be available for an employee who has experienced a reduction in work hours with the possibility of a layoff. Unemployment will be paid in a prorated fashion to an employee still working. An employer may be required to pay an employee until the State obtains funding and is able to reimburse the employer.

A State agency will be required to make sure the health and retirement benefits of an employee, participating in this program, are still available. As long as a State meets the requirements set forth by the Secretary of Labor, joining this program may be possible, and grants may be given for funding. An amount deemed necessary from the Treasury of the United States is what will be used for funding.

Four years after this bill goes into effect, a report with certain information will be created by the Secretary of Labor. This report will cost will cost $1.5 million, will be submitted to Congress, and will contain specific information on this program. S. 1646 was referred to the Senate Committee on Finance.

Read Full Bill

Email the Committee »