Special Message to Employers:
Information on Special Assessment for Interest
Effective 2013 there will be no additional Special Assessments for Interest
All federal loans and interest due have been paid.
Like many other states, Wisconsin’s Unemployment Insurance (UI) Reserve Fund had to rely on federal loans to help fund unemployment benefits paid to record numbers of claimants during and following the deep national recession of 2007-09.
The federal government began charging states interest on these loans in 2011. Wisconsin made payments in 2011 and 2012 with funds collected through a Special Assessment for Interest (SAFI) on employers.
The 2013-15 Budget included a provision which allocated $30 million of state general purpose revenues to pay interest due on UI Trust Fund loans from the federal government during the 2013-15 biennium. The interest payments in 2013 and 2014 were paid using these state funds.