Charlie Baker leaves employers in the dark on unemployment taxes (insurance, loans)

[massnative71]

Our great leader on the ball as always...



https://www.msn.com/en-us/money/smal...xes/ar-AAR5n8E


"After being depleted by a crush of layoffs during the pandemic, there’s little doubt the state fund that pays jobless benefits needs a shot in the arm.
But how big of a shot? Good luck finding an answer.
The Baker administration won’t say. It’s still working on revised financial estimates for the unemployment insurance program, after planning to release the numbers in August. Monthly reports on the UI fund, which are required by state statute, haven’t been published since June.
The data blackout has exasperated lawmakers, who are relying on the administration for forecasts that will help them formulate much-needed fixes to the UI system, with their report due in mid-December. Private employers, who finance the jobless benefits through unemployment taxes, are frustrated that they don’t know how much they’ll be on the hook for next year.
“They’re trying to solve for X, but we still don’t know what X is,” Chris Carlozzi, state director with the National Federation of Independent Business, said of state officials. “For our members, not knowing is also part of the problem.”
One big driver behind the debate: Governor Charlie Baker needs to repay the $2.3 billion that the administration borrowed from the federal government to keep the jobless fund afloat last year, and to build a comfortable cushion ahead of the next economic downturn. The loans began accruing interest in September and must be paid back by November 2022."

[sunguy13]

IMO, the UI fund has been misused, a LOT.
I work with a small company and we let go of two people in the last 3-4 months: both unreliable, no show-no call kinds...
We gave them multiple chances but eventually had to let them go. Both filed UI and got it. We did not even get a chance to fight it..We checked the system online and found out. Now, we are fighting it in the appeal..

Not saying everyone who files is not qualified but there are lot of people who should not be on Unemployment benefits.

[WestieWhitie]

Originally Posted by sunguy13

IMO, the UI fund has been misused, a LOT.
I work with a small company and we let go of two people in the last 3-4 months: both unreliable, no show-no call kinds...
We gave them multiple chances but eventually had to let them go. Both filed UI and got it. We did not even get a chance to fight it..We checked the system online and found out. Now, we are fighting it in the appeal..

Not saying everyone who files is not qualified but there are lot of people who should not be on Unemployment benefits.

Oh yeah, we’ve wasted billions upon billions on all the “ololo trololo free money!” scumbags. Hopefully there’s an audit and all those scamming the system are forced to pay back what they stole.