Unemployment Insurance Reserve
Session Law 2013-2 (House Bill 4) approved by the Governor on February 19, 2013 significantly changes how state agencies are to handle unemployment insurance for state employees. Starting in January 2014, UNCW is responsible for charging 1% of taxable wages, up to a maximum of $21,400 per calendar year. This may cause an increase in the amount of employer unemployment insurance that will hit your budget, although we believe it will be minimal in most cases. We have established a unique account code (918760) to track these expenses.