Common use of The Unemployment Trust Fund Clause in Contracts

The Unemployment Trust Fund. 8.3.1 The State shall use the following method to calculate State interest liabilities on funds withdrawn from the several accounts in the Unemployment Trust Fund: There are no interest earnings on funds withdrawn from the State account, as the State has implemented the estimated clearance funding technique, an interest-neutral funding technique, for such transfers. For transfers of funds from the State account in the UTF that do not follow the technique specified in section 6.2 and result in a positive balance of funds in a State account, the State's liability for interest on funds withdrawn from its account in the UTF shall consist of the actual interest earnings of the benefit payment account attributed to such funds less the related banking costs attributed to such funds.

The Unemployment Trust Fund. 8.3.1 The State shall use the following method to calculate State interest liabilities on funds withdrawn from the several accounts in the Unemployment Trust Fund: Federal and State Funds are Interest Neutral: There are no interest earnings on funds withdrawn from the State account, as the State has implemented the estimated clearance funding techniqueaverage clearance, an interest-neutral funding technique, for such transfers. For UTF transfers of funds from the State account in the UTF that do not follow the technique specified in section 6.2 and result in a positive balance of funds in a State account, the State's liability for interest on funds withdrawn from its account in the UTF shall consist of the actual interest earnings of the benefit payment account attributed to such funds on the pro-rata share less the related banking costs attributed to such funds.

The Unemployment Trust Fund. 8.3.1 The State shall use the following method to calculate State interest liabilities on funds withdrawn from the several accounts in the Unemployment Trust Fund: Federal and State Funds are Interest Neutral: There are no interest earnings on funds withdrawn from the State account, as the State has implemented the estimated clearance funding techniqueclearance, an interest-interest- neutral funding technique, for such transfers. For UTF transfers of funds from the State account in the UTF that do not follow the technique specified in section 6.2 and result in a positive balance of funds in a State account, the State's liability for interest on funds withdrawn from its account in the UTF shall consist of the actual interest earnings of the benefit payment account attributed to such funds on the pro-rata share less the related banking costs attributed to such funds.

The Unemployment Trust Fund. 8.3.1 The State shall use the following method to calculate State interest liabilities on funds withdrawn from the several accounts in the Unemployment Trust Fund: Federal and State Funds are Interest Neutral: There are no interest earnings on funds withdrawn from the State account, as the State has implemented the estimated clearance funding techniqueclearance, an interest-neutral funding technique, for such transfers. For UTF transfers of funds from the State account in the UTF that do not follow the technique specified in section 6.2 and result in a positive balance of funds in a State account, the State's liability for interest on funds withdrawn from its account in the UTF shall consist of the actual interest earnings of the benefit payment account attributed to such funds on the pro-rata share less the related banking costs attributed to such funds.

The Unemployment Trust Fund. 8.3.1 The State shall use the following method to calculate State interest liabilities on funds withdrawn from the several accounts in the Unemployment Trust Fund: Federal and State Funds are Interest Neutral: There are no interest earnings on funds withdrawn from the State account, as the State has implemented the estimated clearance funding techniqueaverage clearance, an interest-interest- neutral funding technique, for such transfers. For UTF transfers of funds from the State account in the UTF that do not follow the technique specified in section 6.2 and result in a positive balance of funds in a State account, the State's liability for interest on funds withdrawn from its account in the UTF shall consist of the actual interest earnings of the benefit payment account attributed to such funds on the pro-rata share less the related banking costs attributed to such funds.

The Unemployment Trust Fund. 8.3.1 The State shall use the following method to calculate State interest liabilities on funds withdrawn from the several accounts in the Unemployment Trust Fund: Federal and State Funds are Interest Neutral: There are no interest earnings on funds withdrawn from the State account, as the State has implemented the estimated clearance funding techniqueclearance, an interest-neutral funding technique, for such transfers. For transfers of funds from the State account in the UTF that do not follow the technique specified in section 6.2 and result in a positive balance of funds in a State account, the State's liability for interest on funds withdrawn from its account in the UTF shall consist of the actual interest earnings of the benefit payment account attributed to such funds on the pro-rata share less the related banking costs attributed to such funds.

The Unemployment Trust Fund. 8.3.1 The State shall use the following method to calculate State interest liabilities on funds withdrawn from the several accounts in the Unemployment Trust Fund: There are When the Funding Technique is properly used, there should be no interest earnings on funds withdrawn from the State account, as the State has implemented the estimated clearance funding techniqueActual Clearance – Same Day Pay, an interest-neutral funding technique, for such transfers. For transfers of funds from the State account in the UTF that do not follow the technique specified in section 6.2 and result in a positive balance of funds in a State account, the State's liability for interest on funds withdrawn from its account in the UTF shall consist of the actual interest earnings of the benefit payment account attributed to such funds on the pro-rata share less the related banking costs attributed to such funds.

The Unemployment Trust Fund. 8.3.1 The State shall use the following method to calculate State interest liabilities on funds withdrawn from the several accounts in the Unemployment Trust Fund: There are When the Funding Technique is properly used, there should be no interest earnings on funds withdrawn from the State account, as the State has implemented the estimated clearance funding techniqueActual Clearance Same Day Pay, an interest-neutral funding technique, for such transfers. For transfers of funds from the State account in the UTF that do not follow the technique specified in section 6.2 and result in a positive balance of funds in a State account, the State's liability for interest on funds withdrawn from its account in the UTF shall consist of the actual interest earnings of the benefit payment account attributed to such funds on the pro-rata share less the related banking costs attributed to such funds.

The Unemployment Trust Fund. 8.3.1 The State shall use the following method to calculate State interest liabilities on funds withdrawn from the several accounts in the Unemployment Trust Fund: Federal and State Funds are Interest Neutral: There are no interest earnings on funds withdrawn from the State account, as the State has implemented the estimated clearance funding techniqueclearance, an interest-interest- neutral funding technique, for such transfers. For transfers of funds from the State account in the UTF that do not follow the technique specified in section 6.2 and result in a positive balance of funds in a State account, the State's liability for interest on funds withdrawn from its account in the UTF shall consist of the actual interest earnings of the benefit payment account attributed to such funds on the pro-rata share less the related banking costs attributed to such funds.

The Unemployment Trust Fund. 8.3.1 The State shall use the following method to calculate State interest liabilities on funds withdrawn from the several accounts in the Unemployment Trust Fund: Federal and State Funds are Interest Neutral: There are no interest earnings on funds withdrawn from the State account, as the State has implemented the estimated clearance funding techniqueclearance, an interest-interest- neutral funding technique, for such transfers. For transfers of funds from the State account in the UTF that do not follow the technique specified in section 6.2 and result in a positive balance of funds in a State account, the State's States liability for interest on funds withdrawn from its account in the UTF shall consist of the actual interest earnings of the benefit payment account attributed to such funds on the pro-rata share less the related banking costs attributed to such funds.

The Unemployment Trust Fund. 8.3.1 The State shall use the following method to calculate State interest liabilities on funds withdrawn from the several accounts in the Unemployment Trust Fund: Federal and State Funds are Interest Neutral: There are no interest earnings on funds withdrawn from the State account, as the State has implemented the estimated clearance funding techniqueZBA, an interest-neutral funding technique, for such transfers. For transfers of funds from the State account in the UTF that do not follow the technique specified in section 6.2 and result in a positive balance of funds in a State account, the State's States liability for interest on funds withdrawn from its account in the UTF shall consist of the actual interest earnings of the benefit payment account attributed to such funds on the pro-rata share less the related banking costs attributed to such funds. 8.3.2 Notwithstanding the explanation in Section 8.3.1, there are no interest earnings on funds withdrawn from the State account in the UTF, as the State has implemented an interest Zero Balance Account for EFT payments.