New Jersey Department Of Labor Proposes Amendments And New Rules Regarding Employee Leasing Companies

As previously reported in the Summer 2011 issue of the New Jersey eAuthority, in August of last year Governor Chris Christie signed into law amendments to N.J.S.A. 34:8-67 et seq., New Jersey’s law relating to employee leasing companies or professional employer organizations. The Department of Labor and Workforce Development is now proposing amendments and new rules within N.J.A.C. 12:16-24 in order to implement that law. 

For instance, the proposed language would: (1) establish a regulatory framework for the registration of employee leasing company groups and out-of-state employee leasing companies, as well as for the approval of assurance organizations; (2)  impose reporting, recordkeeping, and compliance requirements on employee leasing companies and assurance organizations by establishing the manner in which employee leasing company groups and out-of-state employee leasing companies must comply with the registration and financial reporting requirements; and (3) make statutorily mandated changes to the manner in which all employee leasing companies (not just employee leasing company groups and out-of-state employee leasing companies) satisfy the financial reporting requirements.

Note: This article was published in the September 2012 issue of the New Jersey eAuthority.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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