Alters the requirements which must be met by shared work compensation plans in order to be approved by the Employment Security Department, and alters the requirements for an individual to receive shared work benefits. This act takes effect immediately. (See also SB 5356).   Official Text and Analysis.

Provides that the amount of shared work benefits not charged to employers is any amount reimbursed by the federal government. Strikes the emergency clause.

Makes changes to the shared work program consistent with 2012 federal legislation. Provides that shared work benefits reimbursed by the federal government are not charged to employers for a three-year period.

Changes to the Program are made consistent with the Act. Shared-Work is available only to permanent employees, and part-time employees may participate. If an employer reduces benefits to employees who are not Shared-Work participants, the employer may also reduce benefits for Shared-Work participants. Other changes include requiring employers to estimate the number of layoffs that would have occurred absent shared work. For weeks of benefits paid for the three-year period between July 1, 2012, and June 28, 2015, the amount of shared work benefits reimbursed by the federal government are not charged to the experience rating accounts of contributing employers or to reimbursable employers.