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The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States


During some recessions, current taxes and reserve balances were insufficient to cover state expenditures for unemployment compensation (UC) benefits. UC benefits are an entitlement, and states are legally required to pay benefits even if the state account is insolvent. Some states may borrow funds from the Federal Unemployment Account (FUA) within the Unemployment Trust Fund (UTF) to meet UC benefit obligations. The 2009 stimulus package (the American Recovery and Reinvestment Act of 2009, P.L. 111-5 §2004) temporarily waived interest payments and the accrual of interest on these loans to states from the FUA. As of the date of this report, no relevant legislation in the 113th Congress has been introduced. This report will be updated to reflect major changes in state UTF account solvency.


THE DOCUMENT INCLUDES FOLLOWING FILES:
# FILE NAME Document Date Order ID: Number of Pages PRICE
1 RS22954.pdf Jan 24, 2013 RS22954 14 $19.95 ADD TO CART

Older Versions:

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Jan 24,2013  Pages: 14]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Sep 20,2012  Pages: 14]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Mar 22,2012  Pages: 14]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Jan 10,2012  Pages: 14]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Sep 23,2011  Pages: 13]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Aug 08,2011  Pages: 12]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Jul 08,2011  Pages: 12]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Apr 05,2011  Pages: 10]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Feb 08,2011  Pages: 10]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Dec 27,2010  Pages: 10]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Nov 24,2010  Pages: 12]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Oct 29,2010  Pages: 12]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Jan 12,2010  Pages: 11]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Dec 22,2009  Pages: 11]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Jun 25,2009  Pages: 8]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Mar 05,2009  Pages: 8]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Feb 17,2009  Pages: 7]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Jan 21,2009  Pages: 6]

The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States  [Order No: RS22954  Release Date: Sep 17,2008  Pages: 6]