1. (1) A plan shall take effect:

   1. (a) On the date of its approval by the secretary; or
   2. (b) On a date specified within the plan if that date occurs after its approval by the secretary.

2. (2) Each plan:

   1. (a) Shall expire at the end of twelve (12) full calendar months after its effective
   2. (b) date; or If a plan is revoked by the secretary, shall terminate on the date specified in the secretary's written order of revocation.

3. (3) A shared work employer may terminate an approved plan by providing the secretary and each employee in every affected group covered by the plan with a written notice. Such notice shall:

   1. (a) Contain a message indicating that the plan is being terminated;
   2. (b)
   3. (c) Be delivered to the secretary and each employee in each affected group covered by the plan no less than thirty (30) days prior to the termination date. Identify the date on which the termination will go into effect; and

Effective: January 1, 2023

History: Created 2022 Ky. Acts ch. 21, sec. 14, effective January 1, 2023. Legislative Research Commission Note (1/1/2023). 2022 Ky. Acts ch. 21, sec. 26, provides that the Act, which created this statute, may be cited as the Unemployment Insurance Sustainability Act of 2022.