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June 9, 2023 Last Edit: June 5, 2025
Massachusetts over withdrew $2.5 BILLION from the federal unemployment insurance program.
State Makes a $2.5 Billion UI Error
- A depletion of the UI fund in 2020 requiring a loan from the federal government to keep the fund solvent.
- Solvency rates 1,600 times higher than normal in 2021.
- Only $500 million in ARPA funds being allocated for the UI fund.
- Having to bond for $2.7 Billion to repay the federal government through a COVID assessment in 2022.
- Only $100 million provided by the state to pay for $300 million in waived overpayments.
State:
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