Retailers invited to talks on unemployment surcharge
By Barbara Soderlin
I’ll be going to this, but in case you want to, too:
The South Dakota Retailers Association is hosting a series of four free statewide meetings to discuss how employers will be affected by a surcharge resulting from the low fund balance in the state’s Unemployment Insurance Trust Fund.
South Dakota Labor Secretary Pam Roberts and Unemployment Insurance Division Director Don Kattke will speak.
Weekly payments to unemployed workers from the fund have been two to five times higher than normal, causing the fund balance to drop to $2.8 million at the end of September. Under state law, a 1.5 percent surcharge to employers is automatically triggered when the fund falls below $11 million at the end of any quarter.
Rapid City’s meeting is from 8:30 a.m. to 10 a.m. Monday, Nov. 16 at the Rushmore Plaza Holiday Inn.
For information or to register contact the South Dakota Retailers Association at 1-800-658-5545, or e-mail bhunsley@sdra.org.
November 2nd, 2009 at 7:55 pm
I am not sure the 1.5 percent surcharge will mean as much as the one time payment of $150 per employee that will be paid by each and every employer in SD after the first of the year. I think that one will hurt much worse as it is a one time payment due all at once.