🤍 Donate
Bills

AB 2570: Unemployment insurance: Unemployment Fund.

  • Session Year: 2021-2022
  • House: Assembly
Version:

Existing law establishes the Unemployment Fund as a continuously appropriated fund separate and apart from all other public money or funds of the state. The fund is administered by the Director of Employment Development exclusively for the purposes of carrying out the unemployment and disability insurance programs.

This bill would make a one-time transfer of $7,250,000,000 from the General Fund to the Unemployment Fund for the purpose of paying down outstanding debt in that fund. By transferring moneys from the General Fund into a continuously appropriated fund, this bill would make an appropriation. The bill would also make findings and declarations related to this appropriation.

Under existing law governing unemployment compensation, each individual employed to perform or to assist in performing the work of any individual employed by an employing unit is deemed to be employed by that employing unit for purposes of unemployment compensation, whether or not the individual was hired or paid directly by the employing unit if the employing unit had actual or constructive knowledge of the work.This bill would make a nonsubstantive change to that provision.

News Coverage:

AB 2570: Unemployment insurance: Unemployment Fund. | Digital Democracy