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Keyword: stateunemployment

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  • Key States Default in November on Unemployment Loans: Feds Sock Business to Make It Up

    12/16/2011 2:55:51 PM PST · by beebuster2000 · 5 replies · 1+ views
    Paycor | december 16,2011 | beebuster2000
    we run a business in one of the sates mentioned below. last month we got socked with a huge retro charge from the Feds on unemployment insurance. Paycor, who runs our payroll, sent the below. Apparantly when the Obama administration extended UC benefits last time, the states couldnt pay, and the feds "loaned" them the money. Now that the states can't pay it back, the Feds, by fiat, just take it from business that actually still has employees. Unexpectedly, without warning, without any process. From the payroll company; There are 22 states that have outstanding loans from the federal government...