4141-11-28 Definition of "best interest of the unemployment compensation fund".

For the purposes of division (E) of section 4141.23 of the Revised Code, a reduction in the amount of interest, forfeiture, and fines required to be paid under Chapter 4141. of the Revised Code will be deemed to be in the best interest of the unemployment compensation fund when:

(A) In the judgment of the director, the reduction would increase the amount of contributions, surcharge, or payments in lieu of contributions collected;

(B) Would better enable the employer to thereafter comply with its obligations under Chapter 4141. of the Revised Code; and

(C) The employer tenders payment, within the time and in the manner prescribed by the director, of all contributions, surcharge, or payments in lieu of contributions, forfeiture, and/or interest required to be paid.

Effective: 04/01/2012
R.C. 119.032 review dates: 12/15/2011 and 04/01/2017
Promulgated Under: 4141.14
Statutory Authority: 4141.13
Rule Amplifies: 4141.23
Prior Effective Dates: 1/15/01