It won’t be long before Wisconsin-based employers start to reap the benefits of a solvent unemployment insurance trust fund. Gov. Scott Walker recently announced that thanks to a variety of reforms and economic gains, the local trust fund will be in positive territory by Nov. 9, 2014.

As a result, the Federal Unemployment Tax Act rate for Wisconsin is expected to decrease from 1.5 percent back to 0.6 percent. That could lead to thousands of dollars in yearly tax savings for each business.

“A financially stable and growing UI trust fund helps to support the pro-business climate that Wisconsin’s job creators need to expand and create more opportunities for working families,” said Wisconsin Department of Workforce Development secretary Reggie Newson. “The UI reforms that Gov. Walker and the Legislature passed through the 2013-15 biennial budget and 2013 Wisconsin Act 36 are producing results, and there is more work to be done.”

For example, state lawmakers aren’t taking a passive approach to unemployment insurance. On Nov. 13, 2014, the Unemployment Insurance Advisory Council is holding a public hearing to discuss law changes and other improvements. All Wisconsin residents and business owners are encouraged to attend.

At Corporate Cost Control, we work closely with employers across the country to better manage the nuances of unemployment insurance. Legislation changes on the state level could impact you today, and we welcome any questions or concerns you may have on a wide range of topics.


Contact CCC to see how we can save your organization time and money.
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(800) 207-6926

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