Title 28, Title 28 and Labor Relations

As used in this chapter: (1) “Accrued portion of the normal retirement benefit” means the amount of benefit credited by the employer to the account of an employee participating in a pension plan, or where there is no credit, that portion of the normal retirement benefit to which …

There is assessed upon every employer who or that ceases to operate a place of employment within this state a tax that shall be equal to the total amount of nonvested pension benefits of those employees of the employer who have completed fifteen (15) years of covered service unde…

Any employer who or that intends to cease to operate a place of employment within this state shall notify the director of that intention not later than six (6) months prior to the date the employer intends to cease to operate its place of employment.

Upon receipt of notification, or upon his or her own initiative when that notification is not given as required, the director shall cause an investigation to be made of the employer to determine the number of employees who have completed fifteen (15) years of covered service unde…

(a) As part of the investigation of an employer, the director shall determine the amount of nonvested pension benefits that have been compromised or settled to his or her satisfaction. (b) Nonvested pension benefits may be compromised or settled by: (1) Agreement between the empl…

After the investigation of the employer, the director shall certify to the tax administrator the total amount of nonvested pension benefits that are includable in determining an employer’s tax liability under this chapter and the amount of those benefits that have been compromise…

The director shall maintain a separate record of each employee of an employer taxed under this chapter who had completed fifteen (15) years of covered service under the pension plan of the employer and whose employment was terminated because of the employer’s ceasing to operate a…

For the purposes of this chapter, the employment of any employee terminated within one year, or within any longer period as prescribed by the director when he or she determines that an employer is attempting to evade the provisions of this chapter, of the date an employer ceases …