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Wednesday, September 28, 2022
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Tag: Unemployment Insurance Trust Fund

CT Unemployment Insurance Trust Fund to be reinvigorated at last

The reforms are estimated to save the unemployment fund $84.25 million annually while generating $130.9 million in new annual revenues. 

CT House passes bill to restore depleted unemployment insurance trust fund

The trust fund has been insolvent for 48 of the last 50 years.

Bipartisan deal reached to restore CT’s depleted unemployment insurance trust fund

"I’m hopeful the spirit of collaboration that led us to this point will fuel additional conversation about action we can take together to create a more competitive business climate," said House Minority Leader Vincent Candelora (R-North Branford).

Unemployment Insurance Trust Fund has less than half its target goal

“It’s not like there’s absolutely no money in the Trust Fund,” says Eric Gjede of the Connecticut Business and Industry Association; however, he added, “It’s nowhere close to where we’d like it to be.”
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