Labor & Employment (Workforce Development)

SF 487 requires Iowa employers covered by unemployment insurance to maintain accurate work records (like pay stubs, W-2s, and tax documents) for three years after wages were paid or due. It mandates that the Department of Workforce Development conduct field audits of these records to verify compliance, requiring employers to provide pre-audit notice and allow interviews. Auditors must examine at least one employee's records for one quarter, with the option to expand audits if discrepancies are found. Employers can contest audit decisions, and the law applies to audits starting after the bill's effective date.

This bill requires Iowa's tuition grant program to allocate at least 50% of annual funds to students enrolled in majors linked to high-wage, high-demand jobs. It mandates the workforce development board (with input from private colleges) to create and update a list of qualifying jobs using specific criteria: $40,000+ entry-level salaries, bachelor's degrees or teaching licenses, and either 250+ annual job openings or 1% annual growth. Students pursuing degrees in fields matching this list would receive priority for grant funds. The list must be updated every two years, and the requirement for the list creation takes immediate effect upon enactment.