UI loans

Texas Pays off Loan from Federal Unemployment Account

By |2021-11-12T01:04:58+00:00November 12th, 2021|Categories: Unemployment Insurance|Tags: , , , |

The Texas Workforce Commission announced today (November 9, 2021), that Governor Abbott signed SB 8 making supplemental appropriations including appropriating approximately $7.2 billion to be used to retire Title XII Advances and replenish the UI Trust Fund to the statutory floor.  The bill is effective immediately. Texas was among the list of 10 states and the [...]

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California and Virgin Islands only states with FUTA Offset Credit Reductions for 2017

By |2017-12-15T03:01:01+00:00December 4th, 2017|Categories: Unemployment Insurance|Tags: , , , |

The U.S. Department of Labor review of state UI loan status and remaining balances has been completed for 2017 and the only states with remaining outstanding loans as of November 10th were California and the Virgin Islands. As a result of the outstanding loan balances, employers in California and the Virgin Islands will be subject to a [...]

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