SC employers get details on jobless tax changes

By: Associated Press Email
By: Associated Press Email

Monday, November 1, 2010

COLUMBIA, S.C. -- South Carolina's employers are getting more details on how much they'll have to pay to repair the state's unemployment insurance fund and the news is good for more than a third of them.

The state Department of Employment and Workforce posted tables Monday on its website showing how tax rates will change. The agency says about 30,000 employers with the best records on layoffs and firings should see savings of more than $75 a year per employee.

The news isn't so good for companies with the worst records. They'll pay more than $1,100 for each worker when the new rates go into effect next year.

The state overhauled its rates because its trust fund ran out of money to pay jobless benefits and owes the federal government $866 million.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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