No answers yet on unemployment insurance trust fund

The Baker Administration said on Monday that it still hasn’t completed a financial accounting of the state’s unemployment insurance trust fund and may not be ready with one anytime soon.

At a virtual meeting of a commission set up to recommend changes in the way the state handles unemployment insurance, several members of the panel said they needed basic information on the financial status of the fund in order to make decisions about its future. The Baker administration hasn’t issued a monthly financial report on the fund since June, and officials on Monday were vague about when basic information on the fund’s balance would be forthcoming.

“I hope to have a more concrete timeline in the near future,” said Rosalin Acosta, the secretary of labor and workforce development and a member of the commission.

Sen. Patricia Jehlen of Somerville, the co-chair of the commission, pressed Acosta on whether an accounting would be ready by January. “I’m hoping so, chair. As soon as I hear from the team, I will confirm,” Acosta responded.

Read more: https://commonwealthmagazine.org/state-government/no-answers-yet-on-unemployment-insurance-trust-fund/