Monday, July 18, 2011

Insolvent Unemployment Trust Funds & Interest Assessment Surcharge

Recently NJS & NYS have issued invoices to ALL employers explaining that they borrowed money from the federal government to pay their insolvent unemployment rust funds. These states and others passed the charge on to the employers in their states. Each employer must pay a certain amount based on the size of their payroll.

1 comment:

  1. Just received my Interest Assessment Surcharge bill and am NOT happy to have to pay NYS's interest. We have a Facebook page for employers who are upset with this and would love to have employers join us. http://www.facebook.com/groups/189404694452901/

    ReplyDelete