trust fund

HB 05-1092: SUTA Dumping Prevention Act of 2005, by Rich Jones to the Senate Business Affairs, Labor and Technology Committee, March 16, 2005

"SUTA dumping hurts state unemployment trust funds and shifts a tax burden to law abiding citizens. Unemployed workers, particularly low-income workers rely on the unemployment system to keep them and their families from falling out of the cycle of opportunity and into poverty. Actions that weaken the unemployment system hurt these workers.

Gov. John Hickenlooper signed legislation today that restructures the way Colorado's Unemployment Insurance Trust Fund is financed. The bill, HB 1288, makes a number of both short- and long-term fixes that will ensure the trust fund returns to solvency sooner, maintains solvency well into the future and does so in a way that meets the needs of businesses and workers.