loading…
loading…
35 PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW
shall not be required to provide any information which would specifically
identify any employer, employe or claimant.
(j) The council shall have the authority to authorize the preparation of an
annual financial analysis of the Unemployment Compensation Fund and
may contract with an independent actuarial firm of certified actuaries and
such other consultants as may be necessary to perform such thorough
annual financial analysis. The department shall supply the actuaries with
all information required to perform this analysis as the actuaries may
require, provided the department shall not be required to provide any
information which would specifically identify any employer, employe or
claimant. This analysis, if authorized, shall be completed by September 1
of each year for the previous calendar year. The analysis report shall be
given to the Governor, the secretary, the State Advisory Council and the
General Assembly and shall be made available to the public. The analysis
shall include, but not be limited to, the following:
(1) The solvency of the fund.
(2) The effect upon the fund of:
(i) changes in State and Federal law;
(ii) State and Federal court decisions; or
(iii) the State and national economic situation.
(3) A three-year projection of the condition of the fund.
(k) The department shall also prepare and present to the Governor and the
General Assembly, on or before the first day of March of each year, an
evaluation of the financial operations of the unemployment compensation
program, together with its findings and recommendations for developing
and improving solvency of the fund and adjusting and regulating income
and disbursements in the fields of contributions and benefits. Such report
shall include the presentation of the current economic trends, statistics and
analyses on which the evaluation is based. This evaluation shall include all
of the following:
(1) Statistics relating to population, labor force and covered labor force.
(2) Claims data.