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Unemployment Services Trust

Take our quiz to see if you can save on your unemployment taxes

Please take the quiz below to see if your organization is a good candidate for UST. If you think your organization can save money through the Trust, you may request a savings quote from their website, or contact Bill Downey at  This e-mail address is being protected from spambots. You need JavaScript enabled to view it

How many employees do you have?

  1 to 9
  9 to 20
  20 or more

What growth do you anticipate for the coming year?

Declining revenue
Stable revenue
Increasing revenue

What is your current unemployment tax rate?

Greater than 5%
Between 3% and 5%
Less than 3%

Have your unemployment claims been more frequent (e.g., terminations every summer) or more severe (e.g., a major program cutback, not repeated in following years)?

Frequent claims
Infrequent severe claims
Infrequent small claims

Can you benefit from the Unemployment Services Trust?

 

How the Trust works

Your organization makes quarterly contributions to your Individual Trust Account. In your first year of participation, the contribution rate is 50% of your state assigned rate. The second year, your rate equals your state rate - but just for this one year, to help establish a solid reserve in your account. In future years, your contribution rate is determined actuarially, meaning that your rate is set according to your actual claims versus contributions. The Trust allows you to eliminate the State dictated subsidies (for high turnover employers) from your contribution rate. Your employees will experience no difference in the amount or manner of receiving their unemployment benefits.

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