How SB 689 changes current law

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill establishes a new Short-Time Compensation Program under North Carolina law that allows employers to implement a reduction of hours for employees while providing unemployment benefits to those employees during the reduced hours.

• Chapter 96

  Article 6. Short-Time Compensation

  Creates a new article in Chapter 96 that outlines the Short-Time Compensation Program.

• § 96-45

  Definitions related to the Short-Time Compensation Program, including terms like affected unit, approved short-time compensation plan, and short-time compensation.

  Defines key terms necessary for the implementation of the Short-Time Compensation Program.

• § 96-46

  Requirements for employers to submit a signed, written short-time compensation plan for approval by the Division.

  Establishes the procedure for employers to apply for participation in the Short-Time Compensation Program.

• § 96-47

  Process for the Division to approve or disapprove short-time compensation plans within 30 days.

  Sets a timeline for the approval process of submitted plans.

• § 96-48

  Conditions regarding the effective date and duration of approved short-time compensation plans.

  Specifies how long approved plans last and under what conditions they can be terminated or will expire.

• § 96-49

  Conditions under which the Division may revoke approval of a short-time compensation plan.

  Establishes criteria for the Division to revoke a plan if necessary.

• § 96-50

  Process for employers to request modifications to approved plans.

  Allows employers to adjust their plans as necessary while requiring approval for substantial changes.

• § 96-51

  Eligibility requirements for individuals to receive short-time compensation.

  Defines who qualifies for benefits under the Short-Time Compensation Program.