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Unemployment Insurance Trust Fund

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$300 More Per Worker: MA Increasing Employer Contributions To Unemployment Fund $300 More Per Worker: MA Increasing Employer Contributions To Unemployment Fund
$300 More Per Worker: MA Increasing Employer Contributions To Unemployment Fund Massachusetts employees are going to cost business owners another $300 each come April. In an effort to restore the state’s Unemployment Insurance Trust Fund amid COVID-19’s drain on the economy, a tax increase of about $300 per employee is set to start in April, according to the Boston Business Journal. The trust fund is facing a multibillion-dollar deficit due to a wave of unemployment brought on by the pandemic. Money is also dwindling because contributions were decreased during the Great Recession of 2008 to help small businesses stay afloat. The new assessment - which will cost employ…

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by Kristin Palpini