On May 31, 2012, the New Jersey Senate unanimously passed a bill (S1121) aimed at assessing a higher unemployment insurance rate on employers with markedly lower Employer Reserve Ratios (i.e., those employers with more former employees collecting unemployment). Whereas the current rate cap is set at 7%, if signed into law, that cap would increase on a sliding scale up to 9%. The bill now awaits Assembly consideration.
Ogletree Deakins has one of the largest teams of employee benefits and executive compensation practitioners in the United States. As part of a firm that focuses on labor and employment law, our Employee Benefits Practice Group has a special ability to relate technical experience to the client’s “big picture” issues.
Ogletree Deakins’ employment lawyers are experienced in all aspects of employment law, from day-to-day advice to complex employment litigation.
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