Portable benefit accounts.
What changed between versions
The definition of 'Portable benefit account' was updated to explicitly include vision and dental insurance as fundable benefit plans.
The definition of 'Financial institution' was updated to replace 'credit union' with 'financial institution' in the list of eligible providers, and the definition of 'Portable benefit account provider' was updated to reflect this change.
A new provision was added allowing hiring parties to opt out of the agreement with at least 60 days of notice to the independent contractor.
A new requirement mandates that the written agreement for withholding funds or contributing employer funds must be clear, unambiguous, and prominently displayed in a work contract.
A new section was added requiring the Department of Workforce Services to promulgate rules necessary to implement the act.
The criteria for determining employment classification were expanded to include determinations under W.S. 27-14-102(a)(xxiii) in addition to W.S. 27-3-104.