2018 Unemployment Cost Facts for New York

April 16, 2018

2018 Unemployment Cost Facts for New York

NY 2018

 

What do state unemployment tax (SUTA) costs, claims costs and wage base amounts mean to your organization?

These factors could mean less money for your cause.

$319 Average State Unemployment Tax (SUTA) Cost per Employee

Employers paid an average of $319 per employee in state unemployment insurance taxes in 2017

Unemployment Claim Stats

$10, 530 Total Maximum Benefits 
savings snip

A claimant can collect up to a maximum of $10,530 on a single claim.

$324 Million Unemployment Claim Overpayments

New York’s fiscal year 2017 unemployment claim overpayment rate was 14.139% equaling over $324 million.

$11,100 2018 Taxable Wage Base

The unemployment wage base increased from $8,500 in 2013 to $10,300 in 2014, and will continue to increase by $200-$300 each year through 2026; therefore increasing the wages on which employers pay SUTA on.

2019: $11,400

2026: $13,000

First Nonprofit Group provides state compliant, individually insured, cost-saving options to satisfy SUTA requirements for nonprofit, governmental and tribal entities  Click here or call (312) 239-8385 to request a free, no-obligation cost savings evaluation. Evaluations include a 2019 rate projection!

 

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Testimonials

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.

New York Council of Nonprofits, Albany, NY

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.

Kankakee County Housing Authority, Kankakee, IL

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.

Illinois Network of Charter Schools

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.

Hugh Parry, Retired President of Prevent Blindness America