STC Report to the President and to the Congress: Implementation of the Short-Time Compensation (STC) Program Provisions in the Middle Class Tax Relief and Job Creation Act of 2012 (PL 112-96). The report was submitted February 22, 2016. See the Press Release for more information.
The new STC provisions under the Act have both grown and strengthened the program by increasing the number of states operating STC programs by offering financial incentives; expanding and clarifying the definition of STC; supporting state trust funds (particularly during a recessionary period) by providing Federal reimbursement of STC benefits to states; and, providing STC grants to states to improve program administration and promote and expand outreach to employers. Employers and employees have benefited from the program and jobs have been saved. DOL is fully committed to continuing promotion of state adoption of the STC program as well as providing ongoing support to the states that are operating STC programs.