Now that the deadline for states to enact their own UI Integrity laws has passed, employers must realize the growing importance of compliance.
For those who fail to respond to a state request for information, the penalties quickly add up, and could end up costing them their right to fight improper claims.
The expert claims administrators at Equifax Workforce Solutions (WS) have written a white paper entitled Unemployment Insurance (UI) Integrity: A Focus on Compliance to help impart meaningful advice around the federal mandate.
“In 2009, with unemployment rates nearly double historical norms, UI benefit payments increased significantly and reached an annual high of nearly $80 billion. As the effects of this recent recession continue to impact unemployment reserves, a renewed focus has been placed on the integrity of the UI system as states look to replenish insolvent trust funds while minimizing benefit overpayments moving forward.”
- Greg Good, Equifax Workforce Solutions
For more information on how your state’s legislation (or lack thereof) will affect your organization in the next few months, UST members can contact their WS claims representative directly.