New York Unemployment Surcharge due by 8/15

Since 2009, NYS has borrowed over $3 billion from the Federal Unemployment Trust Fund.  The ARR provided interest-free loans to varioud staes with insolvent trust funds.  Congress has not extended these loans into 2011.  Therefore, NY is required to assess a temporary charge on employers, called an Interest Assessment Surcharge (IAS).  The surcharge for 2011 is 0.25% which equates to a maximum amount of $21.25 per employee for 10/1/09 – 9/30/2010.  Payment of the IAS is due by August 15, 2011.

For questions call the Employer Accounts Adjustment Section of the UI Division at 1-888-899-8810.