Unemployment insurance legislation could freeze costs for businesses

unemployment insurance rate freeze

New bill helps to give companies a bit of a break on the cost of the coverage. Should a new budget bill be passed in Massachusetts after having already advanced in the House as of Monday, it will mean that the unemployment insurance rates that businesses have to pay will be frozen this year in order to avoid a surge in employer fees in order to cover benefits for the jobless. The proposal was made by Governor Deval Patrick to block the increase that had been scheduled. The Governor of…

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