Oklahoma City, OK 73105
For Immediate Release: August 11, 2014
Sen. Dan Newberry
Newberry: unemployment reforms will produce
savings for Oklahoma employers next year
Sen. Dan Newberry today said most Oklahoma employers
will pay lower unemployment taxes in 2015, due in part to key unemployment
measures signed into law in recent years. Reforms have strengthened
the state’s workforce system and unemployment insurance trust
fund, allowing for lower unemployment benefit payments, he said.
As a result, the Oklahoma Employment Security Commission (OESC)
this week announced that unemployment tax rates for all Oklahoma
employers will be dropping to the minimum rate next year.
“Reforms that have brought increased efficiency to the state’s
workforce system are already generating savings for Oklahoma employers,
and I’m pleased to hear unemployment tax rates will be even
lower next year,” said Newberry, R-Tulsa. “These measures
have allowed Oklahoma employers to cut their unemployment costs
while protecting injured workers. We want employers to be able to
reinvest in Oklahoma, generating even more economic opportunity
and job growth.”
OESC reports that lower unemployment tax rates will save Oklahoma
businesses $175 to $225 million next year. Newberry has authored
and sponsored a number of measures designed to strengthen the state’s
unemployment system and keep tax rates low. In 2012, he sponsored
House Bill 2204, which provided reforms to deter fraud and encourage
unemployed workers to actively seek job opportunities.
This year, Newberry sponsored House Bill 2505, which enacts a number
of important reforms to limit exploitation, reduce fraud, and ensure
benefits are directed to those who truly need them. HB 2505 goes
into effect Nov. 1.
For more information, contact:
Sen. Newberry: (405) 521-5600