08 April 2013

• Connecticut Unemployment Insurance Special Assessments to Be Mailed in August


The state’s current loan balance with the U.S. Department of Labor is approximately $670 million, but the Agency expects to make a voluntary loan payment in June of this year. In addition, the federal interest rate on trust fund loans for 2013 has been lowered again, to 2.5765%.

As a result, this year’s Special Assessment is projected to be reduced for the second consecutive year, to approximately $20 million. This equates to approximately $1.10 per thousand dollars of taxable payroll, or about $16.50 per full time employee. For example, an employer with 10 workers can expect to receive an August 2013 assessment of approximately $165.

Source: CTDOL


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