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Legislature acts to safeguard unemployment benefits

Legislature acts to safeguard unemployment benefits FROM NEWS REPORTS The Massachusetts House and Senate have enacted comprehensive legislation to safeguard unemployment benefits, limit rate increases for employers, provide tax relief for lower income jobseekers and exempt small businesses from state taxes on federal relief grants. “These measures will offer much need relief to workers, employers and small businesses, said Rep. Josh S. Cutler, D-Pembroke, House Chair of the Joint Committee on Labor and Workforce Development. At the same time, we’re also taking critical steps to help safeguard our unemployment insurance system for the long term.”  The legislation, which is now on Gov. Charlie Baker’s desk, prevents a sharp spike in unemployment insurance rates that was set to hit employers this quarter. Absent any legislative action, the typical small business would have seen their average annual unemployment insurance cost rise from $539 to $866 per employee. In additi

Biz Feel Blindsided by New UI System Costs - Banker & Tradesman

Select Page Biz Feel Blindsided by New UI System Costs By State House News Service | Apr 13, 2021 | Reprints | Print With some Massachusetts businesses facing sudden and sharp unemployment tax increases just weeks after implementation of a new law aimed at limiting their costs, a top lawmaker wants Gov. Charlie Baker to intervene with a legislative fix. Sen. Patricia Jehlen, co-chair of the legislature’s Labor and Workforce Development Committee, said Monday that she was surprised as were many small businesses and industry groups to hear reports about employers who now face greater-than-anticipated unemployment contributions because of an unexpected jump in the solvency fund assessment.

Some Massachusetts employers still face major tax increases due to COVID-related unemployment claims

Some Massachusetts employers still face major tax increases due to COVID-related unemployment claims
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Beacon Hill Roll Call

Beacon Hill Roll Call
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What business owners should know about the Massachusetts COVID relief bill that offers help to PPP recipients

What business owners should know about the Massachusetts COVID relief bill that offers help to PPP recipients Updated Mar 11, 2021; House lawmakers approved a COVID-19 relief bill that authorizes the governor to borrow money to stabilize the unemployment system and freezes the UI rate for Massachusetts business owners. The bill authorizes the governor to borrow up to $7 billion to bring the unemployment insurance fund out of the red. At the end of December, the fund was more than $2 billion in the negative. The legislation also requires employers to offer paid leave to employees who test positive for COVID-19 or need time off to get vaccinated, as well as offer tax relief to unemployed workers whose income falls below 200% of the poverty line.

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