HELENA, Mont. (AP) -- The state Department of Labor and Industry says many Montana employers will see a decrease in contribution rates for unemployment insurance, starting next year.
The Unemployment Insurance Contribution Rate Schedule is being adjusted from Schedule 6 to Schedule 5. The unemployment withholding percentage for each business will be based on the schedule as well as the employer's overall employment history.
Individual employer rate information will be mailed in mid-December.
During the recession, Montana employers saw their contribution rates increase because the number of people drawing benefits increased.
Labor Commissioner Pan Bucy says Montana was one of 18 states that maintained a positive balance in its unemployment insurance trust fund and did not have to borrow from the federal government to continue to pay benefits.
- Investing Education
- unemployment insurance