01.30.2010 In the News, Policy Points

Unemployment Insurance Solvency

The current issue of Triangle Business Journal contains an overview of the issues related to the Employment Security Commission of North Carolina’s borrowing from the federal government to pay unemployment insurance benefits. Once conditions stabilize, steps will need to be taken to rebuild system solvency, and tax matters will come into play. On that topic, the article featured the perspective of South by North Strategies:

“At some point, it’ll have to go up. We’ll have to rebuild the solvency of the system,” says John Quinterno, who writes on public policy issues for Chapel Hill-based South by North Strategies. “This is one of those things you don’t have to deal with yet since you are getting the money to pay the benefits. On this one, credit the feds; they have kept things running.”

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