The Pennsylvania Chamber of Business and Industry has issued an alert to its members regarding pending legislation that would reform the state’s unemployment compensation system.
According to the alert, H.B. 916 would help control costs, tighten eligibility requirements to ensure the system is there for those truly in need, and restore solvency to the state’s UC Trust Fund.
Currently, Pennsylvania is second only to California in the amount of UC benefits paid out over the past year, and is third behind California and Michigan in the amount ($3.6 billion) borrowed from the federal government. As the state’s UC Fund continues to pay out more in benefits than it brings in, it is clear that something needs to be done.
If the legislature fails to enact H.B. 916, the fund will still be broke, still have a loan balance of more than $2 billion, and your UC taxes will continue to increase!
This is an issue that affects all businesses, especially staffing firms. Pennsylvania must take steps to restore balance, fairness and sound financial principles to its UC system, and House Bill 916 is a step in the right direction toward achieving these goals.
Contact your state representative TODAY and urge a ‘yes’ vote on House Bill 916
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