“With the State tax system, even though we had low claims and a low claim rate, we were accumulating a credit balance we would never fully use in claims benefits and never get any money back. I appreciate that in your program it is truly our money and we gain interest!”

Living Centers for Women
Williamsport, PA
 

Your organization receives interest income on your reserve account. As your reserve grows, so does the interest earned.

In contrast, the unemployment taxes you pay to the state go into a pool. This account is neither proprietary nor interest-bearing so your organization loses every dollar paid to the state that is not used to pay claims to your former employees. Some states identify this account for you solely for the purpose of determining your future taxes.

Your reserve account in our program belongs to you. You can use the the funds in your account to make your quarterly payments to us. Or you may simply want to withdraw accumulated funds to use for other organizational needs. Or, if you ever withdraw from the program, your reserve will be refunded upon request.