VT Labor Dept Catches Decade-Old Unemployment Insurance Coding Error
The Vermont Department of Labor is taking action to address an error that impacts Vermont employers who hold past due balances for unemployment insurance and health care assessments.
The Department verified a rounding error was coded improperly into the 30-year old legacy unemployment insurance system that they use. This rounding error affected only the interest rate calculations on past due unemployment insurance and health care fund assessment contributions. As of June 1, 2017, the rate is being calculated correctly.
For more information, visit this link.