Research Report Solvency Recommendations for Ohio
Wayne Vroman
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This report examines the funding of unemployment insurance (UI) in Ohio. It proposes seven recommendations to improve program solvency, both in the short run and in the long run. The two main recommendations to improve short-run solvency are to: 1) implement a substantial increase in the taxable wage base and 2) institute a temporary freeze in weekly benefits, both recommendations to be effective in 2009. Indexation of the taxable wage base is a principal recommendation to improve solvency in the long-run.
Research Areas Taxes and budgets
Tags State and local tax issues Individual taxes Federal budget and economy
Policy Centers Center on Labor, Human Services, and Population