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Chamber Notes: Unemployment insurance fund poses challenge

Capital Gazette Communications
Published 01/10/10

A potentially contentious issue may arise in this year's General Assembly when our state legislators convene in Annapolis this month.

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Maryland's unemployment-insurance fund is coming close to running a deficit due to the recession's impact on unemployment. Fortunately, our state has not yet borrowed from the federal government to meet its unemployment benefit obligations to Maryland citizens out of work.

Replenishing the unemployment insurance fund will pit state legislators, business interests and labor in a contentious discussion over how best to ensure its current and future solvency.

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Report Abuse or Vote In order to allow the user community the ability to collectively rank the value of comments posted on the Capital Gazette websites we have implemented a thumbs-up/down system. All logged-in users may participate by voting up/down each comment. If others vote on your comment, your individual score will go up/down depending on the votes. Initially, everyone starts with a score of zero, and must earn credits to have significant voting weight. Individuals with higher scores will have more voting weight.    0 0

be more practical - 2010-02-10 01:36:48

Because of the recession that we have today. Almost all of us are searching of ways on how to be more practical. Since the job market took such a dump in the recession, a lot of people have had to try freelancing in the absence of a 9 to 5 job. There isn't anything wrong with it, and it isn't a bad way to make a little on the side, but being able to provide more than a supplementary income is difficult. There are also other risks, such as taxes not being automatically withheld, and making sure all agreements are in place and above board. You might have to hire a lawyer to get all the paperwork in order, and that can take a couple of payday loans if you don't have the cash or credit to hire an attorney outright.

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gwane joned - LA , CA - Karma: Neutral

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