Feb 17 2011
Last Spring the legislature was taking on the task of reforming a dysfunctional agency, The Employment Security Commission, and transforming it to the new Department of Employment and Workforce (DEW). This task also involved us to reformulate the methodology of how benefit payments were calculated. This new plan spread out the payments based on experience ratings. Most SC employers saw reductions in their payments and some saw increases.
I am currently chairing a sub-committee reviewing plans to amend this payment calculation methodology. DEW has been very cooperative in submitting several scenarios. These plans may be seen here.
The LCI sub committee will meet on Tuesday 02.22.11 at 10am and on Wednesday 02.23.11 at 10am to review a few more scenarios.