The following article is provided by the Caesar Rodney Institute, a Delaware-based nonprofit 501(c)(3) public policy research organization.

It comes from a Policy Center Director who works to help Delawareans by providing fact-based analysis in four key areas:

education, energy and environmental policy, the economy and government spending, and health policy.

Personal Unemployment Accounts

CRI
Nov 28, 2018
1 min read

Less than half of Delawareans receive unemployment insurance benefits when they lose their job. The claims process is time consuming and demeaning for many. Errors in payment and outright fraud waste millions. There is a better way. Personal Unemployment Accounts (UA), run like a 401K or IRA, can provide an attractive alternative. The bulk of payments are put aside in an interest bearing account managed by a private company or the state pension fund. Payments are made from the account. If funds are not used they can be rolled into your IRA for retirement or left to heirs. This could be a significant way for low income workers to build assets...

Download Document Here

Comments

About the Caesar Rodney Institute
The Caesar Rodney Institute (CRI) is a Delaware-based, nonprofit 501(c)(3) research organization. As a nonpartisan public policy think tank, CRI provides fact-based analysis in four key areas: education, energy and environmental policy, the economy and government spending, and health policy.

Our mission is to educate and inform Delawareans-including citizens, legislators, and community leaders-on issues that affect quality of life and opportunity.

Personal Unemployment Accounts

Recent Posts

Comments

STAY INFORMED

STAY INFORMED