The Department of Labor has issued new guidance to states on the Short-Time Compensation (STC) program provisions in the CARES Act.
Section 2108 of the CARES Act provides for temporary, 100% federal financing of STC payments in states with these programs. Grants are also available to support the implementation and administration of STC programs, which are designed to retain a skilled workforce through work sharing.
Read more about the details of this program and the recent DOL clarifications in this release from Littler Mendelson, PC by clicking on the button below.