Alaska Statutes 23.20.020 – Maintenance and protection of fund
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 23.20.020
- benefits: means the money payments payable to an individual, as provided in this chapter with respect to the individual's unemployment. See Alaska Statutes 23.20.520
- fund: means the unemployment compensation fund established by this chapter. See Alaska Statutes 23.20.520
If possible, there shall be provided in the fund a reserve against the liability in future years to pay benefits. Whenever the department believes that a change in contribution or benefit rates is necessary to protect the solvency of the fund, it shall promptly inform the governor and the legislature, and make recommendations with respect to a change.