Reforms to save North Carolina employers over $180 millionStaff writer ▼ | November 12, 2014
The U.S. Department of Labor (USDOL) has approved the state's application for a waiver of additional Federal Unemployment Tax Act (FUTA) penalties.
In 2014 Unemployment insurance reforms
“Restructuring North Carolina's unemployment insurance system and aligning it with those of our neighboring states has set our unemployment program on a path to sustainability,” Governor PatMcCrory said.
Governor McCrory applied for a waiver of additional debt penalties and USDOL has granted the request after North Carolina worked hard to reduce the $2.5 billion debt and set in place a foundation for sustainable funding by the state's employers. ■