Unemployment Insurance News: President Trump’s FY 2019 Budget

March 12, 2018

Unemployment Insurance News: President Trump’s FY 2019 Budget

White HousePresident Trump’s proposed FY 2019 Budget would mandate unemployment insurance tax/solvency increases for states with inadequate funding in their UI (unemployment insurance) Trust Funds and potentially create a national paid parental leave program through the UI system:

As of September 30, 2017, only 24 States had sufficient reserves to weather another recession. The Budget would impose higher UI taxes on employers doing business in states with lower unemployment reserve balances to assure enough funds are available to cover unemployment benefit charges. The total proposed tax/solvency increases are projected to generate an additional $22 billion over the next ten year period.

The Budget also proposes the creation of individual state plans for six weeks of paid family leave to new mothers and fathers, including adoptive parents. Using the state’s UI system as a base, the plans would allow States to establish paid parental leave programs that best meets the needs of their workforce and economy. These programs are estimated to cost approximately $19 billion over 10 years and would be offset by increases in UI taxes/solvency provisions ($11 billion), improved integrity ($1.8 Billion) and RES/REA (Reemployment Services and Reemployment and Eligibility Assessment) services ($3.3 Billion), according to the proposed Budget.

Ready to chat?
Get in touch today to request a no-obligation savings evaluation.

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