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Vermont Employers to see Unemployment Insurance Tax Relief, Employees to see Shorter Waiting Period

In a press release issued last month, The Department of Labor announced that it is now under Tax Rate Schedule 4. This has triggered a reduction in unemployment insurance tax rates for employers. The press release states that, “the reduction will reduce the highest UI tax rate from 8.4% to 7.7%, and the lowest rate from 1.3% to 1.1%”. Lindsay Kurrle, Commissioner of Labor, noted that the state’s unemployment trust fund is “slowly but steadily recovering from the impacts of the recession”. She also mentioned Continue Reading

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