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Committee hears that UI trust fund is replenished and technology upgrades reduced call wait times
State Senate Committee · May 6, 2025
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Summary
The commissioner said New Jersey's unemployment insurance federal loan balance is $0 and the trust fund balance is about $2.7 billion, and credited modernization — a claimant app and a cloud phone system — with faster service and fraud prevention.
Commissioner Robert Sciro Angelo told senators the state's unemployment insurance system has stabilized: the federal loan balance is currently $0 and recent collections put the trust fund balance at roughly $2,700,000,000.
The commissioner said the department has improved customer access by launching a…
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