May 11, 2018
These factors could mean less money for your cause.
Factors used in calculating Kentucky employer state unemployment rates have increased; therefore increasing the average unemployment tax cost per employee by 35% since 2008 to about $306 by 2017.
$11,648 Total Maximum Benefits
A claimant can collect up to a maximum of $11,648 on a single claim in Kentucky
20.174% Unemployment Claim Overpayment Rate
Kentucky’s fiscal year 2017 unemployment claim over payment rate was 20.17% the fifth highest in the country, equaling over $61 million.
Kentucky’s unemployment wage base has increased. Prior to 2012, employers paid unemployment taxes on the first $8,00 of wages paid to employees. The wage base has since increased to $10,200, increasing the taxable wages on which employers pay taxes on to the state tax pool.
First Nonprofit Group provides state compliant, individually insured cost-saving options to satisfy SUTA requirements for nonprofit governmental and tribal entities. Click here or cal (312) 239-8385 to request a free, no-obligation cost savings evaluation. Evaluations include a 2019 rate projection!
NYCON members who use First Nonprofit’s programs enjoy enduring savings and improved efficiency. Our association knows that success, because from the beginning, we achieved the same great benefits. Great savings, seamless technology, and responsive service. NYCON highly recommends First Nonprofit’s remarkable unemployment solutions.
We were introduced to First Nonprofit through another housing authority. In our analysis and comparison to what we were paying the State, our first year savings was $5,800 plus. We have been with them since the end of 2008 and I am glad we have been. I consider them an arm of our HR department.
Because INCS advocates for the operating conditions that allow charter public schools to provide high quality public education, partnering with First Nonprofit was an easy decision. First Nonprofit’s unemployment programs provide our member schools two operating elements crucial to their ability to provide high quality public education: savings and budget certainty. Capable, committed teachers are the key to student success. By participating in the unemployment insurance savings plan, charter public schools gain peace of mind and are able to invest more money in their teachers.
Throughout our membership in the Unemployment Savings Program, First Nonprofit understood our demands, community dynamics, and the importance of seamless services; that allowed us to serve our constituents better.