Unemployment Insurance Trust Fund - June 8, 2011
Q. How much money is in
A.
At the end of April 2011, there was about $2.2 billion in the account, enough to cover 12.2 months of benefits for eligible workers during a deep recession.
Q. How does this compare nationally?
A.
Currently, Washington has the largest trust fund in the nation.
Q. What does Employment Security do to make sure the trust fund remains solvent?
A.
Employment Security collects unemployment taxes from Washington employers to keep the trust fund solvent. The agency also aggressively investigates fraud by employers and benefit recipients to make sure taxes are paid properly and benefits are paid only to those who should receive them.
