Redirects portion of worker's unemployment compensation trust fund contribution to unemployment compensation administration fund.

S 3310 redirects a portion of workers' contributions from the unemployment compensation trust fund to the unemployment compensation administration fund. For workers employed by nongovernmental employers, it reduces the contribution rate from 0.3825% to 0.3625% of wages, with the 0.0200% difference going to the administration fund. For government workers, it reduces the contribution from 0.0825% to 0.0625%, with the 0.0200% difference similarly redirected. The bill affects all workers covered by New Jersey's unemployment system, including those in both private and government employment. This change addresses underfunding in the administration fund, which handles operational costs of the unemployment system, while maintaining the trust fund's benefit payments.