Tag: unemployment insurance

Unemployment insurance legislation could freeze costs for businesses

H. Cutner
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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Unemployment insurance gets and overhaul in New Mexico

Dan
Unemployment Insurance North Carolina

Unemployment insurance system of New Mexico to receive an upgrade New Mexico is set to launch a new Unemployment Insurance Tax & Claims system that could help improve the efficiency and integrity of the state’s unemployment insurance program. The system will be launched by the Department of Workforce Solutions, and will help the agency prevent, detect, and recover from illegitimate unemployment insurance payouts that may have been issued due to fraud. The system has won the approval of Governor Susana Martinez, who is eager to welcome the system to the…

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Federal unemployment insurance thrust into the limelight

Dan
President Obama health insurance Obamacare

Obama speaks out about federal unemployment insurance program In the U.S., a federal unemployment insurance program is set to expire at the end of this year. President Barack Obama this week warned federal lawmakers not to let this program expire or it could spell disaster for long-term jobless individuals. During a press conference held on Wednesday, Obama criticized the Plan B proposal on a number of fronts, one of which includes its refusal to address the unemployment issue. Plan B does not account for insurance woes The Plan B proposal…

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Unemployment insurance costs in Idaho continue to grow

Nordstrom
Unemployment Insurance

Employers face high unemployment insurance costs due to fraud Employers in Idaho are confronting higher unemployment insurance costs, which may be due to fraudulent benefits, according to the state’s Department of Labor. The agency is now looking to reclaim more than $20 million in misappropriated benefits that have been acquired through fraud. The prevalence of fraud has caused the state’s unemployment insurance costs to skyrocket, putting pressure on employers, some of whom may not be able to afford further boosts in prices. Idaho unemployment fund still under pressure Idaho’s unemployment…

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Canada to make changes to unemployment insurance regulations

S.Vagus
Unemployment insurance

Unemployment regulations targeted by Conservative government Employment insurance in Canada is undergoing some major changes. The government has announced changes to employment insurance regulations that are meant to address the high unemployment rates the country is facing currently. This unemployment rate is leading to a high payouts, which has put the government under a degree of financial stress. The government believes that these changes to insurance regulations will encourage the unemployed to accept lower-paying jobs or commute to more distant locations, which could get the unemployed back to work and…

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Lawmakers in Massachusetts approve rate freeze for the state’s unemployment insurance plans

Marc

Massachusetts lawmakers have passed a $130 million spending plan this week. The legislation includes a provision that freezes the unemployment insurance rate that businesses have to pay. This is the fourth consecutive year that lawmakers have put a freeze on the insurance rate, hoping to spare the state’s businesses from costly and, at times, excessive rate increases from insurance companies. Legislators believe that the rate freeze will help stimulate the state’s economy, as businesses will be saving approximately $220 per employee on insurance coverage. The nation’s economy is still showing…

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Unemployment insurance for 3 million in jeopardy as Congress leaves for vacation

Nordstrom

More than 3 million people throughout the U.S. could lose their unemployment insurance next year if Congress cannot breach an impasse that has stalled the legislative process. Federal lawmakers are currently deliberating on how to extend the federal insurance benefits program given the rising costs seen within the system. The 2008 recession has had drastic effects on the nation’s workforce, pushing many out of jobs they have had for decades. Unemployment reached record highs throughout the nation, putting immense financial strain on the unemployment insurance system. Legislators have yet to…

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