Glastonbury CT, May 9, 2013 – In keeping with their corporate mission to educate the UI marketplace nationally, UTCA introduced the first of it’s kind employer program; Clearing the Fog, Avoiding the Unemployment Cost Trap, in Glastonbury, CT at the Hilton Garden Inn Conference Center. Employer participants learned how to better manage their unemployment programs using objective key metrics introduced to the market by UTCA. The program also reviewed effective measures to avoid new penalties associated with the Trade Adjustment Assistance Extension Act (TAAEA), including improving vendor accountability, transparency and contractual protections necessitated by this new federal mandate.
Record Overpayments Prompt Penalties for Employers and Their Unemployment Vendors
Springfield MA, March 19, 2013 – Billions in Unemployment Insurance overpayments recorded nationwide, have prompted the Federal Government to mandate state agencies to levy significant penalties on employers and their agents. In an effort to combat egregious claim processing errors and omissions (resulting in overpayments) effective October 21, 2013, employers and TPA’s must ensure claim response protocols meet new standards associated with timeliness and accuracy. A single failure to do so, or a pattern of failure, will incur loss of account credits or repayment funds currently provided. States have also been granted the ability to assess monetary and criminal penalties against employers and agents alike.
