The Unemployment Compensation Program provides workers with temporary and partial insurance against income loss resulting from unemployment and assists the counter cyclical stabilization of the economy during recessions by maintaining workers' purchasing power. The solvency of the Unemployment Compensation Trust Fund has declined since 1989 and may be inadequate to finance unemployment benefits if a severe recession developed. The Department's manual processing of unemployment taxes is labor intensive and not cost-effective. Contracting out this function could save between $300,000 and $1 million annually.

No Title
Report 97-14
Review of the Workforce Development System
Report 03-10 January 2003
Federal Law Restricts the Outsourcing of Many Unemployment Compensation Tax Collection Services
Report 03-05 January 2003

Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.