How is unemployment insurance financed?
State UI payments are due quarterly, within one calendar month from the end of each quarter. For government or non-profit employers using the reimbursable method, benefit charges are billed monthly and payable within 30 days. Payments are determined by both an individual employer experience-based contribution rate applied to certain wages and an annual statewide schedule based on a comparison of the balance in the trust fund to the state’s total payroll. Under special circumstances, the schedule may be set by law, overriding this calculation.
