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Governor Northam Takes Action to Protect Businesses from Increasing Cost of Unemployment Insurance
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Actions will speed relief to Virginians, help weather pandemic during challenging winter months ~
RICHMOND Governor Ralph Northam today announced temporary changes to the Commonwealth’s Unemployment Insurance (UI) program that will support Virginia workers and businesses whose livelihoods have been affected by the ongoing COVID-19 crisis. Executive Order Seventy-Four requires the Virginia Employment Commission (VEC) to mitigate a potential rise in the UI experience rating tax for businesses by holding them harmless for lay-offs that occurred during the pandemic. The temporary change will protect Virginia businesses from having to pay an additional $200 million to replenish the Unemployment Insurance Trust Fund. The Governor is also directing the VEC to begin automatically distributing UI benefits to unemployed Virginians who have been held in the agency’s determi ....

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