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Business groups warn UI debt and program design will raise costs for Massachusetts employers
Summary
Representatives from NFIB and the Retailers Association told the committee that pandemic-era reimbursements and a separate $2.1 billion accounting error will saddle employers with roughly $5 billion and push the state's unemployment insurance trust fund toward insolvency.
Business groups told the Joint Committee on Community Development and Small Business that the state's unemployment insurance (UI) finances are strained and that scheduled repayments and program design will raise employer costs.
Christopher Carlozzi, state director of the National Federation of Independent Business, and Bill Rennie of the Retailers Association of Massachusetts presented a shared message: pandemic-related UI costs plus a recent federal accounting problem create a large liability for employers and risk higher UI tax schedules.
"Busines…
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