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$54M jobless cushion.


Byline: Matthew Bruun

BOSTON - The federal government has delivered a $54.2 million cushion to the state's unemployment trust fund, with more money on the way if prospective amendments to state law are approved by the Legislature.

Gov. Deval L. Patrick and Labor and Workforce Development Secretary Suzanne M. Bump discussed the stimulus allocation with U.S. Labor Secretary Hilda Solis Hilda L. Solis (born October 20 1957), an American politician, has been a Democratic member of the United States House of Representatives since 2001, representing the 32nd District of California (map).  during a conference call with reporters yesterday afternoon.

Last month, the governor filed legislation that would extend, from 18 weeks to 26 weeks, the amount of time someone in a certified See certification.  job training program can receive unemployment benefits. If the legislation is approved, Mr. Patrick said yesterday, it will help Massachusetts avail itself of another $108 million in federal stimulus funds.

"We're working very hard to make ourselves fully eligible for the remaining two-thirds," the governor told Ms. Solis during the conference call.

The first $54 million, which Ms. Solis said is "coming your way," will augment the state's unemployment trust fund, which now stands at around $900 million, Ms. Bump said. Massachusetts qualified for the funds available under the American Recovery and Reinvestment Reinvestment

Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash.

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 Act by allowing workers to use their more recent earnings to qualify for benefits.

"We are frankly better off than many states in terms of our unemployment trust fund," Mr. Patrick said. "This gives us a little more cushion."

"Massachusetts is a trailblazer at understanding the importance of providing economic security to workers who have entered the workforce recently and lost their jobs through no fault of their own," Ms. Solis said in a statement issued after the conference call yesterday. "The commonwealth's law exceeds federal requirements and provides vital assistance to workers."

"As families in the commonwealth continue to struggle to make ends meet, we will use every possible resource to provide assistance to our displaced displaced

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 workers," Mr. Patrick said in a statement. "Massachusetts is committed to the creation of an innovative and dynamic unemployment insurance system to address the needs of our workers."

Ms. Bump said the stimulus funds may not be needed this year, but will soften the blow to employers next year when the unemployment trust fund must be restored.

"We really need that support," Ms. Bump added.

The Recovery Act made a total of $7 billion available in unemployment insurance modernization modernization

Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family,
 incentive payments to states that include certain eligibility provisions in their unemployment programs. Each state can qualify for a share of those funds by showing that its law includes those provisions, according to according to
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2. In keeping with: according to instructions.

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 the federal Labor Department The Department of Labor (DOL) administers federal labor laws for the Executive Branch of the federal government. Its mission is "to foster, promote, and develop the welfare of the wage earners of the United States, to improve their working . To date, in addition to Massachusetts, Connecticut, Illinois, New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). , New Jersey and South Dakota South Dakota (dəkō`tə), state in the N central United States. It is bordered by North Dakota (N), Minnesota and Iowa (E), Nebraska (S), and Wyoming and Montana (W).  have been certified by the Labor Department to receive a share of the funds.

The state unemployment rate was 7.8 percent last month, up from 7.7 percent in February. The national unemployment rate was 8.5 percent in March, according to figures released last week. Federal stimulus funds have already extended the amount of time unemployed workers may collect benefits, with some eligible for up to 59 weeks of assistance.
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Publication:Telegram & Gazette (Worcester, MA)
Date:Apr 21, 2009
Words:505
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