State raising unemployment insurance premiums
November 18, 2009
Montana businesses will be paying higher unemployment insurance premiums next year because of the increased amounts of benefits paid out due to the economic recession. The contribution rates in 2010 will average 1.92 percent of wages paid, up from 1.12 percent in 2009, said Labor Commmissioner Keith Kelly. Employers will receive notice of their 2010 rates in mid-December. For the past 10 years, Montana's rates were at the lowest of 11 rate schedules set by law due to a healthy trust fund balance and low levels of unemployment. The Labor Department says the rates are being increa...