Unemployment Insurance: Trust Fund Reserves Inadequate
This report assessed the financial status of states' unemployment insurance systems in 1988, focusing on: (1) trends in trust fund reserve balances and borrowing; (2) the possible effects of future recessions on reserve balances and borrowing needs; and (3) the effects of recent federal policy changes on the systems' financial conditions and benefit eligibility. This report has become an important reference in 2010 when states are facing the serious problem of not having sufficient funds to pay unemployment claims. Charts and tables. This is a print on demand edition of an important, hard-to-find publication.
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Adequacy and Increased adequate reserves aggregate annual average weekly wage benefit costs benefit duration benefit payments billion calendar census division Chapter 2 Declining claimants Consumer Price Index Countercyclical coverage Data for Figure Data for Text Declining Reserve Adequacy Department of Labor economic federal loans federal policies Federal Supplemental fiscal growth High Cost Multiple Increased Borrowing indexed inﬂation insolvent trust funds Insurance Trust Funds insured unemployed interest legislation Louisiana Lower Proportion Massachusetts payroll tax penalty taxes percent percentage period projected Proportion of Unemployed providing ratio recession reduce benefit reduced the proportion repay Response to Trust revenue standard taxable wage base Text Figures Table Trust Fund Insolvency trust fund reserves trust fund solvency Ul benefits Ul program Ul system Ul Trust Fund unem unemployed receiving benefits unemployed workers Unemployment Insurance Trust weekly benefit amount West South Central West Virginia