HB554: AN ACT relating to short-time compensation.

Legislative Summary

Create a new section of KRS Chapter 341 to establish the Kentucky Short-time Compensation Program; require the secretary of the Education and Workforce Development Cabinet to develop the requirements of the program and promulgate administrative regulations; establish rules for employers participating in the program; require an employer to submit a work plan, including a proposed schedule of employees' reduced work hours; set requirements relating to health benefits, retirement, and weekly pay.