New Jersey Statutes 34:15D-13. Employer and worker contributions
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Terms Used In New Jersey Statutes 34:15D-13
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
2. Beginning on January 1, 1993, each worker shall contribute to the Workforce Development Partnership Fund an amount equal to 0.025% of the worker’s wages as determined in accordance with paragraph (3) of subsection (b) of R.S.43:21-7 regarding the worker’s employment with an employer.
Also beginning on January 1, 1993, each employer shall contribute to the Workforce Development Partnership Fund an amount equal to the amount that the employer’s contribution to the Unemployment Compensation Fund is decreased pursuant to subparagraph (G) of paragraph (5) of subsection (c) of R.S.43:21-7.
L.1992,c.44,s.2; amended 1995,c.422,s.4.