The only requirement is that each employee you select must have been a full-time employee with your company for at least six months prior to the start of the plan. A. Not from our perspective. Shared Work pays benefits only for those periods of unemployment caused by the employer. Shared Work benefits are not payable to an employee who is not working due to illness or vacation. To be eligible for Shared Work benefits for a week, an employee must have his or her hours reduced in accordance with the plan submitted by the employer, be able to work and be available to work for his or her Shared Work employer.
Employees certify as to their availability to work every two weeks.
A. Shared Work benefits are taxable. Any employee that receives Shared Work benefits will receive an IRS form 1099 at the end of the year. A. Social Security benefits, some pensions, and workers' compensation are deductible from Shared Work benefits. Overpayments owed to the Minnesota Department of Economic Security and child support may be deducted from Shared Work benefits. Your unemployment tax rate is based on the amount of benefits paid.