The contribution rates used to determine how much Indiana businesses pay into the state’s unemployment trust fund will be frozen for another five years under legislation passed by both the Indiana House and Senate.
Read MoreThe proposed 17% increase would bring the premiums paid by companies to a level recommended by the federal government, which is meant to prepare the unemployment fund for the next recession.
The trust fund—which is used to pay benefits to out-of-work Hoosiers—reimbursed the state for a loan that saved businesses from paying more than $327 million in penalties to the federal government.
Businesses will pay $126 per employee to the federal government next year if the state doesn’t pay off a loan that propped up the unemployment program during the Great Recession before Nov. 10.
The state owes $2 billion in federal unemployment insurance debt.
Workers taking voluntary buyouts will no longer be eligible for state unemployment benefits in Indiana beginning Saturday, and severance pay will be counted against unemployment payouts.
Department of Workforce Development Commissioner Mark Everson says the changes will help ensure that only the truly unemployed receive benefits.
Victories include a reduction in corporate income taxes, an overhaul of the state’s unemployment insurance system, and the weakening of an immigration bill that initially resembled a controversial Arizona law.
Indiana Gov. Mitch Daniels signed into law Thursday a plan aimed at fixing Indiana’s debt-ridden unemployment fund that labor unions had opposed because it will reduce jobless benefits for some people while softening business tax increases.
The Indiana Senate has given final legislative approval to a bill to fix the state's bankrupt unemployment insurance fund. The measure now moves to Republican Gov. Mitch Daniels for his signature.
Legislators aren't holding up a plan to fix Indiana's debt-ridden unemployment insurance fund as they wait to see whether the federal government will put off charging the states interest on what they owe.
State lawmakers are exploring the idea of paying back more than $2 billion in federal debt for unemployment insurance by issuing tax-exempt bonds.
Indiana lawmakers are working quickly to help fix the state's bankrupt unemployment insurance system in enough time to give businesses a tax break.
An Indiana House committee split along party lines to approve a bill that would cut jobless benefits for some people starting next year as the state tries to fix its insolvent unemployment insurance system.
Indiana businesses and the unemployed are both worried about changes that legislators could make to the state's insolvent unemployment insurance program during the upcoming General Assembly.
The state will begin paying millions of dollars in penalties and interest to the federal government next year because it has borrowed nearly $2 billion to pay for jobless benefits.
Initial jobless claims fell by 6,000, to 472,000, in the week ended Aug. 28, in line with the median forecast of economists surveyed by Bloomberg News, Labor Department figures show.
An average of 15,000 Indiana residents could lose unemployment benefits each week starting in May if Congress fails to extend
federal benefits for those out of work more than six months.
Two of Indiana’s most influential business advocates are lobbying Congress for relief from the state’s fast-growing
Unemployment Insurance Trust Fund debt.
Hoosier legislators are crowing about the deal they just brokered to delay a $400 million state tax hike meant to shore up
Indiana’s bankrupt Unemployment Insurance Trust Fund. Here’s what they’re not touting: the mandatory federal tax increases
every single business in Indiana now faces the next three years.
Legislators postponed a $400 million tax hike to shore up Indiana’s bankrupt Unemployment Insurance Trust Fund, but state’s
most
troubled employers still face automatic payroll tax hike this year.
