Trust fund balance definition
Trust fund balance means the trust fund balance on deposit with the U.S. treasury in the state’s account as of June 30 that includes only funds that will be used for payments of benefits to claimants.
Trust fund balance means the amount of money in the unemployment insurance fund, less any unpaid advances made to the state under Section 1201 of the Social Security Act. In determining the amount in the fund as of a given date all money received by the department as of such date shall be considered as being in the fund on such date.
Trust fund balance means the amount of money in the unemployment insurance fund, less any unpaid advances made to the state under Section 1201 of the Social Security
Examples of Trust fund balance in a sentence
The Public Authority will discontinue/adjust claiming of dental and vision benefits so that the Trust fund balance will be zero upon final close-out of the Trust account.