South Carolina House Bill 3992 Implication to Stakeholders
This would only have implications for employers who are on an installment payment agreement. And only if the employer fails to follow all of the associated rules.
Recommended Action
Nothing at this time.
South Carolina HB 3992 Change Notification
- This measure amends the definition of wages to exclude “other compensation”, including, but not limited to severance pay and/or one-time federal benefits.
- The measure also amends the applicable percentages of the state’s average annual wage, from 42.5% to 45% during calendar years in which condition “a” exists and from 45% to 50% during calendar years in which condition “b” exists.
- This measure removes the option for hand delivery to the Oklahoma Employment Security Commission, now accepting only mail, electronic e-filing, or digital portal filing.
- This measure establishes that if the weekly claims data of continued claims administered by the Oklahoma Employment Security Commission exceeds forty thousand (40,000) claims, the maximum duration of benefits shall immediately be raised to twenty-six (26) weeks. This maximum benefit duration shall be in place until the end of the calendar year at which time the maximum duration of benefits shall be determined pursuant to this measure.
- Finally, this measure reduces percentages for maximum benefit amount, from 47.5% to 45% during calendar years in which condition “a” exists and from 45% to 40% during calendar years in which condition “b” exists.
Effective Date
Within 20 days of enactment.
