Friday, June 2, 2023
Hawai'i Free Press

Current Articles | Archives

Wednesday, December 15, 2010
Feds to loan $25M/month as Hawaii Unemployment Compensation fund runs dry
By News Release @ 6:42 PM :: 6818 Views :: Energy, Environment, National News, Ethics


HONOLULU – The Department of Labor & Industrial Relations (DLIR) began using federal funds to pay for unemployment benefits today due to the insolvency of the state’s Unemployment Trust Fund. The department estimates borrowing $17 million by the end of the year through the U.S. Secretary of Labor, in accordance with the requirements under Title XII of the Social Security Act, to continue to issue unemployment benefits checks.  Unemployment benefits help individuals who have lost their job through no fault of their own to provide for their families and further aid Hawaii’s economic recovery.

Hawaii joins the 32 other states who already have borrowed money from the federal government to pay unemployment benefits during the current economic downturn. DLIR anticipated the insolvency and proactively took the steps to request advances from U.S. Department of Labor last September. Currently, Hawaii pays out $25 million in regular unemployment benefits a month through the trust fund. 

The DLIR projects borrowing from the federal government all through 2011 and into the first quarter of 2012. Interest payments on the loan are due in September of every year, which may require a very small additional assessment on employers in 2011. The department’s current projections include a $1 million interest payment due next September. 

Most employers will also see a tax increase in 2011 to replenish the trust fund. Legislation in 2010 mitigated a steep rise in unemployment taxes for employers by fixing the Contribution Tax Schedule in 2010 to D and increasing to F in 2011. However, the amount of wages subject to unemployment taxes will decrease from $34,900 to $34,200.


For more information, go to







TEXT "follow HawaiiFreePress" to 40404

Register to Vote


808 Silent Majority

Aloha Pregnancy Care Center


Antonio Gramsci Reading List

A Place for Women in Waipio

Back da Blue Hawaii

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together



Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons

Pro-GMO Hawaii


Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

School Choice in Hawaii

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii