Thursday, January 31, 2013

Gov't Doles Out $10.3 Billion in Improper Unemployment Payments – In 1Year

By Penny Starr January 29, 2013
The Federal-State Unemployment Insurance program paid out $10.3 billion in benefits in 2012 to people who should not have received the money, according to the Department of Labor (DOL).  The data provided on the government website, paymentaccuracy.gov, shows those payments amount to 11.42 percent of all the unemployment insurance checks handed out – an increase from 11.36 percent in 2011 and in excess of the government’s “target” for overpayments of 9.66 percent.  The DOL states that most of the data reported on its paymentaccuracy website was for the federal government’s fiscal year, which runs from Sept. 30 to Oct. 1, but that some data may have come from calendar year tabulations, which is why the department “used the term fiscal reporting year to best describe the time period in which the most current information was reported.” To Read More….

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