TWC CFO warns projected UI payouts could create shortfall; commissioners ask to explore mitigation options
TWC Chief Financial Officer Chris Nelson reported projections showing higher benefit payouts and a possible shortfall that could trigger statutory measures; commissioners asked staff to explore options to mitigate employer tax impacts.
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Chris Nelson, chief financial officer for the Texas Workforce Commission, told commissioners Wednesday that projected unemployment insurance (UI) benefit payouts for the year have risen and that the trust fund could fall below the statutory floor by Sept. 30, 2025 if current assumptions hold.
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