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Under the General Assembly’s plan to repay the $746.8 million federal loan Georgia borrowed to meet its unemployment insurance obligations during the recession, laid-off Georgians will lose their state unemployment benefits faster, while employers will receive a permanent cut in their unemployment insurance (UI) obligations. The new law means struggling families… [Read more]
GBPI Senior Analyst Clare Richie is quoted on unemployment benefit cuts to Georgian workers and suggests other options that prevent Georgian workers from losing their benefits. Read full article here.
By now you have probably heard that Georgia owes a lot of money to the federal government, $736 million to be exact, for helping us pay state unemployment insurance (UI) benefits.
What hasn’t received enough attention, however, is how Georgia got into this mess. For more than a decade Georgia employers… [Read more]
More than a decade of employer tax cuts dramatically reduced the unemployment insurance (UI) system’s reserves and left it inadequately prepared for the recent recession. As a result, Georgia has borrowed over $736 million from the federal government to continue meeting its obligation to pay state UI benefits. The financing of… [Read more]