This week, OMA Safety and Workers’ Compensation Committee Chairman, Larry Holmes, VP, Finance, Ft. Recovery Industries, and Rob Brundrett, Director, Public Policy Services, OMA, testified before the House and Senate Joint Committee on Unemployment Compensation Reform.
Chairman Holmes focused on the importance of passing new trust fund solvency measures to prevent future federal tax penalties on employers and Brundrett focused on options the state should consider when debating the issue, including bonding future debt, exempting benefits from state taxes, and applying an accurate solvency standard.
The committee will meet once more in early November. The OMA and its business allies are urging action on the reform measure, HB 394, during the lame duck session following election day. 10/20/2016