![]() You know what they say: Change is the only constant in life. Effective July 31, 2023, New Jersey employers will need to embrace a change to their off-boarding processes in the form of new reporting mandates for all employees who separate from their organization. Form BC-10 Reporting Mandates: Immediate and Simultaneous SubmissionNJ employers have long been directed to provide separating employees with the Form BC-10, which provides instructions for claiming unemployment benefits. Effective July 31, 2023, employers will now “immediately and simultaneously” submit the Form BC-10 they provide to employees to the Division of Unemployment Insurance (the Division). Along with the Form BC-10, employers will also submit details of the separation to the Division, which will be used to make a benefit determination in the event an unemployment claim is filed. These reports will be required for employees who separate for any reason, including resignation. Creating an Employer Access Account: A Step Towards Compliance![]() The Division has yet to publish instructions on the submission process; however, as a first step towards compliance, they require all employers to create an Employer Access account on their website. Employers will register an email address for communications with the Division, which will be used to share new electronic reporting instructions once available. Updated Notification and Appeal TimelinesIn addition to changes in reporting requirements, there are updates to notification and appeal timelines that impact NJ employers:
Penalties for NoncomplianceWith the increase in reporting requirements also comes an increase in penalties for noncompliance. NJ employers who willfully refuse to furnish the required reports, knowingly make false statements, or withhold information that could impact benefits determinations will be subject to increased penalties: $500, or 25% of the amount fraudulently withheld, whichever is greater. Each day of noncompliance constitutes a separate offense. Additionally, any benefit overpayments will not be corrected if the error is made because the employer failed to provide the required employee separation information. ![]() Ensuring Compliance with New Regulations for NJ EmployersTo ensure compliance with these new regulations, NJ employers will need to take the following next steps:
ConclusionStaying informed and remaining compliant with these new directives will safeguard your business against increased penalties and other potentially significant consequences. If you have questions about these new regulations, contact EnformHR for further discussion and guidance. via EnformHR, LLC https://ift.tt/BLnzW1K
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