Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
N.J. unemployment trust fund rebuilt; modernization and fraud units cited for faster service
Summary
Commissioner Robert Asaro-Angelo told senators New Jersey's unemployment trust fund has a $2.7 billion balance and no federal loan, while department investments in IT and fraud prevention have reduced call wait times and strengthened identity verification.
Labor Commissioner Robert Asaro-Angelo told the Senate Labor Committee that New Jersey's unemployment insurance (UI) trust fund is in strong condition and that the department has modernized operations to shorten wait times and reduce fraud.
Asaro-Angelo said the state's federal UI loan balance is $0 and the trust fund balance was about $2,700,000,000 at the most recent reporting. "Our trust fund is in great shape after being ravaged by the pandemic," he said. The…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
