BEGIN:VCALENDAR VERSION:2.0 PRODID:-//ChamberMaster//Event Calendar 2.0//EN METHOD:PUBLISH X-PUBLISHED-TTL:P3D REFRESH-INTERVAL:P3D CALSCALE:GREGORIAN BEGIN:VEVENT DTSTART:20170623T153000Z DTEND:20170623T170000Z X-MICROSOFT-CDO-ALLDAYEVENT:FALSE SUMMARY:Ohio Chamber Business Symposium DESCRIPTION:Topic: "Labor and Employment Issues in a Trump Administration"\n\nSpeaker: Jim Yates\, Eastman & Smith \n\n\n\nAmong the many pieces of President Trump's fiscal year 2018 budget are some real whoppers that may affect businesses here in Ohio. Chiefly\, these aspects deal with changes to workers' compensation\, unemployment compensation\, and mandated paid parental leave. Here is the quick rundown.\n\n\n\nWorkers' Compensation \n\nThe proposed budget would eliminate workers' compensation reverse offsets for social security in 15 states\, including Ohio\, that was preserved in federal legislation dating back to 1981. This change would have the effect of shifting additional costs to Ohio employers and the workers' compensation system. The estimated federal budget savings is about $164 million over 10 years across the 15 states that have maintained the offset.\n\n\n\nUnemployment Compensation & Paid Parental Leave\n\nAlso included in the proposed budget are a number of items that could affect Ohio's already structurally unsound unemployment compensation trust fund. Namely\, the proposal would create six weeks of fully-paid family leave to new mothers and fathers using the unemployment compensation (or unemployment insurance) system as a vehicle. The budget document includes:\n\n Provide Paid Parental Leave. During his campaign\, the President pledged to pro vide paid family leave to help new parents. The budget delivers on this promise with a fully paid-for proposal to provide six weeks of paid family leave to new mothers and fathers\, including adoptive parents\, so all families can afford to take time to recover from childbirth and bond with a new child without worrying about paying their bills.\n Using the Unemployment Insurance (UI) system as a base\, the proposal will allow states to establish paid parental leave pro grams in a way that is most appropriate for their workforce and economy. States would be required to provide six weeks of parental leave and the proposal gives states broad latitude to design and finance the program. The proposal is fully offset by a package of sensible reforms to the UI system including reforms to reduce improper payments\, help unemployed workers find jobs more quickly\, and encourage states to maintain reserves in their Unemployment Trust Fund accounts. The administration looks forward to working with the Congress on legislation to make paid parental leave a reality for families across the nation.\n\nThe proposal\, estimated to cost $18.5 billion over 10 years\, would be primarily funded by $12.9 billion in increased state unemployment insurance taxes. This would be achieved by setting a new\, presumably much higher\, federal solvency standard. Further\, it is expected that if a state does not have enough money in the trust fund to cover these additional benefits\, the state would be required to raise state unemployment taxes (SUTA) or face the feds raising them via the federal unemployment tax (FUTA). X-ALT-DESC;FMTTYPE=text/html:Topic: "\;Labor and Employment Issues in a Trump Administration"\;
\nSpeaker: Jim Yates\, Eastman &\; Smith \;
\n
\nAmong the many pieces of President Trump&rsquo\;s fiscal year 2018 budget are some real whoppers that may affect businesses here in Ohio. Chiefly\, these aspects deal with changes to workers&rsquo\; compensation\, unemployment compensation\, and mandated paid parental leave. Here is the quick rundown.
\n
\nWorkers&rsquo\; Compensation \;
\nThe proposed budget would eliminate workers&rsquo\; compensation reverse offsets for social security in 15 states\, including Ohio\,  \;that was preserved in federal legislation dating back to 1981. This change would have the effect of shifting additional costs to Ohio employers and the workers&rsquo\; compensation system. The estimated federal budget savings is about $164 million over 10 years across the 15 states that have maintained the offset.
\n
\nUnemployment Compensation &\; Paid Parental Leave
\nAlso included in the proposed budget are a number of items that could affect Ohio&rsquo\;s already structurally unsound unemployment compensation trust fund. Namely\, the proposal would create six weeks of fully-paid family leave to new mothers and fathers using the unemployment compensation (or unemployment insurance) system as a vehicle. The budget document includes:\n\nThe proposal\, estimated to cost $18.5 billion over 10 years\, would be primarily funded by $12.9 billion in increased state unemployment insurance taxes. This would be achieved by setting a new\, presumably much higher\, federal solvency standard. Further\, it is expected that if a state does not have enough money in the trust fund to cover these additional benefits\, the state would be required to raise state unemployment taxes (SUTA) or face the feds raising them via the federal unemployment tax (FUTA). LOCATION:Marietta Country Club 705 Pike Street Marietta\, Oh. 45750 UID:e.1352.602502 SEQUENCE:3 DTSTAMP:20261104T175553Z URL:https://business.mariettachamber.com/events/details/ohio-chamber-business-symposium-602502 END:VEVENT END:VCALENDAR