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First recorded activity by BoatBanter: Dec 2010
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Default The "Give Me Society"



"X ` Man" wrote in message
...

On 7/19/12 9:21 AM, Eisboch wrote:


"iBoaterer" wrote in message
...


It's bad to want to qualify for the unemployment insurance that *I*
have
paid into for 30 years?

-------------------------------------------------------

I don't know where you live or what state you reside in but in
in all states that I am aware of, including mine, your
employer pays into a fund that provides unemployment
benefits. You don't pay it.

States have different structures to their programs, i.e. some
have a "positive/negative" balance program that determines
how much the employers pay. This benefits companies that
have a lower turnover of employees or fewer unemployment
claims while penalizing those who have more.



Ahh, precisely. It's an employer paid tax, and it is a state and
federal
program.

-------------------------------------------

Yes. It is managed by the state you live and work in. Benefits
are from a fund paid into via a unemployment tax on the employer,
subsidized by state and federal funds paid by taxpayers.

Overall, (and as you stated) , the tax paid by the employer isn't a
major
cost unless they have a high level of claims by former employees.

It whacks taxpayers hard (or more accurately the required state
and federal subsidies) when a company goes belly-up and all or
most of the employees file claims. This is what we have been
witnessing in the past several years, exasperated by the need
to extend benefits far beyond the time frame that the program
was designed to handle.


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