|
| What
is UST? |
| The
Unemployment Services Trust is a grantor trust created by and
for nonprofit organizations. Rather than subsidizing the unemployment
claims of for-profit companies, UST members pool their resources
to pay only the claims incurred by their members. Elected governing
Trustees are CEOs and CFOs of member organizations.
|
| How
Much Can I Save? |
| UST Members are usually eligible to save 50% off their unemployment taxes their first year
of participation in the Trust. A typical member continues to
save approximately 30%. |
| Who
Is Eligible? |
| A
Federal law enacted in 1970 entitles 501 (c)(3) organizations
to opt out of the state unemployment tax system. To continue
low rates, the Unemployment Services Trust's underwriters accept
only organizations with reasonable claims experience. |
| How
Does It Work? |
| Eligible
organizations opt out of their state's unemployment tax system.
They make quarterly contributions directly to the Trust. The
Trust handles claims payments for the organization. |
