Unemployment insurance proposal achieves bipartisan Senate support

Unemployment Insurance extension

A new deal has been reached in order to lengthen the long term coverage by another five months. A bipartisan senator group has now come to a deal that will allow the federal long term unemployment insurance program to be extended for an additional five months. This agreement has arrived after several months of focused negotiations and will be applied retroactively. The unemployment insurance will be distributed retroactively to those whose benefits expired at the close of last year. The price tag that comes with extending these benefits will be…

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Federal unemployment insurance benefits collapse

Unemployment Insurance

Legislative inaction could leave people without benefits Some 1.3 million people will lose their insurance benefits at the end of the month due to legislative inaction from the U.S. Congress. Federal lawmakers have declined to renew emergency funding that had been implemented for the federal unemployment insurance program. The benefits provided by this program have provided consumers throughout the country with some degree of financial stability as they look for employment. Unemployment insurance was augmented by emergency funds due to ongoing economic issues throughout the U.S. that made it nearly…

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Unemployment insurance program in Texas swamped with problems

Unemployment Insurance North Carolina

Issues with delayed benefits and overpayments are causing epidemic struggles. The unemployment insurance program in Tennessee is facing tremendous problems as the $1.2 billion system, which is administered by the state’s Department of Labor and Workforce Development. The program is bleeding money through a high trend of overpayments, errors, and fraud. The unemployment insurance program has made $73 million in overpayments as a result of errors and fraud over a period of six years. Auditors in Tennessee have determined that the department’s program internal controls were either not effective or…

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Unemployment insurance bill in North Carolina faces to Senate

Unemployment Insurance

The overhaul that slashes the system’s benefits moved quickly through the House. A controversial unemployment insurance bill that would entirely overhaul the system in North Carolina has now passed through the House and has moved on to the Senate in order to face their scrutiny and debate. The bill includes a number of widespread changes to the benefits that jobless workers would receive. The changes that it would make the unemployment insurance in the state include considerable slashes to the benefits that the jobless would be receiving in the future.…

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Unemployment insurance rates spike in Alaska, Governor balks at current law

The Alaskan Department of Labor has issued notifications to businesses throughout the state letting them know that they will be paying more for unemployment insurance next year. The new rates have yet to be reviewed by the state’s insurance regulators, but insurance companies claim that higher rates are necessary to ensure that the state’s unemployment trust fund remains solvent and that insurers themselves have to recover from high unemployment rates. Governor Sean Parnell argues that the rates are excessive, as the state’s trust fund holds more than $234 million and…

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Kentucky lawmakers scramble for special session to solve the looming unemployment insurance crisis

Kentucky’s Governor, Steve Beshear, is calling for a special session of the state’s Legislature. The move is prompted by Senate President David Williams, who says that the session is needed to find a solution for the state’s looming unemployment insurance problem. While the state has done well this fiscal year – puling in $121 million in surplus – there have been problems with the unemployment benefits budget. If lawmakers cannot fix the problem with the state’s unemployment insurance program, it could lose out on $640 million in federal tax credits.…

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