California's unemployment insurance (UI) trust fund balance is rapidly diminishing and faces prospects of futureinsolvency. This briefing paper - an update of a 1998 report1 by the Senate Office of Research (SOR) - explores issuesrelated to UI trust fund solvency along with...
California’s unemployment insurance fund is $20 billion in debt, putting the state in a terrible position in case of a recession. The deep debt — incurred during the COVID-19 pandemic as millions of people lost their jobs and the state borrowed money from the federal government for unempl...
The Unemployment Insurance (UI) trust fund the California Employment Development Department uses to pay benefits is now “structurally insolvent” a newLegislative Analyst’s Office report states. The report – a reaction to the “May Fund Forecast” releasedby the EDD last week states quite bluntly...
California’s state unemployment insurance is an employer-paid wage tax. UI offers temporary payments to those who are unemployed through no fault of their own. You pay a percentage of the first $7,000 from employee wages earned during a calendar year. Both the UI rate schedule and the ta...
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As a result, a protest of Form DE 428T may be denied if the employer failed to respond to the first claim notice,Form DE 1101CZ, Notice of Unemployment Insurance Claim Filed or Form DE 1545, Notice of Wages Used for Unemployment Insurance (UI) Claim. ...
California officials say treating drivers as contractors also has broader costs because the companies don't contribute to the state's dwindling unemployment insurance fund on the drivers' behalf. Playing hardball California represents a substantial chunk of both companies' businesses, accounting for about...
Human Resources / Health and SafetyRobert Moutrie-January 17, 2025 With devastating wildfires ravaging California, both employers and workers should be aware of some emergency options available through California’s unemployment insurance (UI) system. For employees,... ...
California’s Unemployment Insurance Code in Division 3, Part 1, Chapter 3.5 contains the Employment Training Panel. Section 10200 contains five legislative findings and declarations, including that California’s economy is being challenged by competition from other states and overseas. ...
"To state the obvious, drivers are central, not tangential, to Uber and Lyft's entire ride-hailing business," Schulman wrote. State officials have argued Uber and Lyft's behavior hurts more than just drivers, noting the companies don't pay into the state's unemployment insurance fund that ...