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Vermont DOL explains unemployment‑insurance mechanics: trust fund, reimbursable employers and rate setting
Summary
Department officials told the Appropriations Committee how Vermont's UI trust fund and employer rate schedules work, described reimbursable employer arrangements and provided trust‑fund balance figures that fell from pre‑pandemic highs.
Department of Labor officials spent part of the House Appropriations Committee hearing explaining how Vermont’s unemployment‑insurance system works, including the distinction between taxable and reimbursable employers, how benefits are paid from the UI trust fund and how tax schedules and wage bases determine employer rates.
“All the funds that employers pay into the system go into the UI trust fund and benefits are paid out of the trust fund,” Commissioner Michael Harrington explained, adding that employers also report wages that determine a claimant’s eligibility and benefit amount. Harrington described the interaction between employer wage…
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