UTCA Hosts Their 18th Annual Client Update!

Unemployment Tax Control Associates (UTCA) recently hosted its 18th Annual Client Update at the Sheraton Monarch Place Hotel and Conference Center in Springfield, MA.

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Extended Benefits = Extended Recession?!!

In a recent congressional report by the Committee of Ways and Means, the effect of the Emergency Unemployment Compensation (EUC) program is examined, and the data is staggering. Historical periods of extended benefits and record-breaking costs added to the national debt confirm what many employers (UTCA included) have believed as the US has struggled to create new jobs.

EUC Duration graph

This is a highly recommended read:

http://waysandmeans.house.gov/uploadedfiles/euc_labor_day_report_082814.pdf

 

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Massachusetts Freezes Rates: Law Passage and DUA Guidelines

On 4/15/14, Governor Deval Patrick signed an Unemployment Insurance rate freeze for 2014, eliminating a $500 million increase on employers that took effect January 1.  This bill is a stand-alone measure that does not take up any system reforms but addresses the more immediate need to secure UI payments for Q1/2014, while our legislators consider reform action.  As passed, this law freezes UI contributions at the current Schedule E and keeps the Trust Fund at a healthy $800M and represents the sixth consecutive year the state has prevented an automatic increase in employer UI taxes. With the rate issue now resolved, Massachusetts employers must square up with the UI system for the first quarter of 2014, which has an extended deadline for filing first quarter taxes of May 30, 2014.

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Emergency Unemployment Compensation Extension Act of 2014 Passes the Senate

The EUC temporary extension bill that has been debated for months was finally brought to a vote on the floor of the US Senate as an amendment to HR 3979 late yesterday and passed on a vote of 59 to 38 with three abstentions.  It was significant that the vote on the bill only received 59 votes in favor after earlier obtaining a 61 vote margin on cloture. The bill text is available at http://www.gpo.gov/fdsys/pkg/BILLS-113hr3979eas/pdf/BILLS-113hr3979eas.pdf

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Big Data, Big Confusion Part II: Hearing Run-Off Factor v. Win Percentage – The Real Measure of Wasted Time and Resources

In the previous post  we discussed the Disputed Claims Percentage (DCP) as a key metric and its relevance in gauging your organization’s UI program. This week we’ll take a look at the always-dreaded, over utilized, and deceiving appeal process. 

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Big Data, Big Confusion: What are your numbers telling you?

Analytics have infiltrated every aspect of our lives, for better or for worse. In many cases, it’s just plain confusing. What numbers should you focus on? What’s truly relevant and what is, for lack of a better term, just “fluff”?