Polk County Enterprise - Local News
Stories Added - June 2008
Copyright 2008 - Polk County Publishing Company
Check’s in the mail
Polk County Enterprise - June 2008
AUSTIN – The Texas Workforce Commission (TWC) has begun mailing $148 million in refund checks to nearly 360,000 Texas employers. TWC collects Unemployment Insurance (UI) taxes from Texas employers for the Unemployment Compensation Trust Fund, which funds UI benefi ts to workers who become unemployed through no fault of their own and who are actively seeking work. Currently, the Trust Fund has risen above levels mandated by state law.
This enables TWC to send Texas employers an average refund of more than $400. The current balance in the Unemployment Compensation Trust Fund is approximately $1.7 billion, approximately $738 million above the minimum required level. “Texas employers continue to expand their workforces providing jobs for Texas workers,” said TWC Commissioner Representing Employers Ron Lehman. “Texas is committed to keeping UI taxes low and returning any surplus to Texas employers.”