March 12, 2018
President 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.
First Nonprofit has saved us so much money over the state’s program. We had one little glitch with the state recently and we contacted FNP immediately. FNP staff called us back immediately and moved to remedy the problem.
First Nonprofit has been a great partner. They have helped us saved hundreds of thousands of dollars! They have awesome resources for our nonprofit organization. Thanks for the partnership.
Life is certainly busy these days but having business partners like First Nonprofit has made some of the process hassle free. We have worked with this team for years. When we changed payroll systems, they outlined every step. I think this team is terrific and I know they get the job done! Thank you, Cruz, to all the team at FNP.
FNP has helped our agency to save thousands of dollars every year on our unemployment coverage. The service is phenomenal, and we are thankful to their team as our partner. My experience working with Marshall on the advocacy around UE for nonprofits was also a highlight as someone who teaches advocacy and lobbying for nonprofits. Really, your whole team is top shelf, so thank YOU!
Chicago Children’s Theatre has greatly benefited from our partnership with First Nonprofit, and I have always enjoyed working with the staff on our filings and any complicated questions. I would not hesitate to recommend First Nonprofit to fellow nonprofits. We’re very happy customers.
FNP is a great resource for Daniel Kids. To have a TPA that we can count on to take point on not only managing our unemployment claims, but to support and guide any protest hearing, is invaluable. All the professional support staff we have worked with have been excellent, very knowledgeable and responsive. We are grateful for the help and support, thank you.
When I first began in my position at my organization, I hadn’t had experience working with a company like FNP. The staff was so patient and helpful in helping to explain the benefits of First Nonprofit. Anytime I reach out with a question I receive a quick, clear, and thorough response. I’m so thankful that we decided to partner with FNP. Their excellence in customer service, coupled with their variety of packages frees us up to truly serve our staff and community with a peace of mind knowing that our organization is protected against unanticipated unemployment insurance expenses.
First Nonprofit gets an A+ in my book. You are so easy to work with & very knowledgeable! Whether it is my quarterly correspondence with Kim or my random interactions with Dawn about a bond … I am so pleased that I get to work with such a helpful company. Thank you!