Employment Security Act

This act establishes a state unemployment insurance system, creating an unemployment compensation fund financed by employer contributions and setting the rates, wage base, and interest on overdue payments that support it. It vests administration in a director within a state labor agency, granting authority to issue regulations, hold hearings with subpoena and oath powers, examine records, and operate public employment offices, while requiring employers to keep records and file reports and restricting disclosure of the information collected. It also provides for cooperation with the federal government and other states, including interstate benefit payments, reciprocal coverage arrangements, and the sharing of services, facilities, and information.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.