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Crisis passes, but unemployment fund issues linger: benefit increase is set for Jan. 1.

Publication: San Diego Business Journal
Publication Date: 27-SEP-04 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Crisis passes, but unemployment fund issues linger: benefit increase is set for Jan. 1.(Workplace)

Article Excerpt
After the budget and workers' compensation, the state unemployment insurance trust fund was supposed to be the next big financial crisis that Gov. Arnold Schwarzenegger and the Legislature were to tackle.

But a funny thing happened during the summer. A $500 million deficit at the fund turned into a $1.3 billion surplus, as jobs were added to the state's economy and new unemployment claims fell. With the fund's balance sheet improving, the business and labor groups that have been at odds on how to fix things lost the sense of urgency that could have led to a compromise.

The Legislature adjourned last month without addressing the issue, and a long-term solution that was originally expected this year won't emerge until the next legislative session. That means any substantial reforms are unlikely to be implemented before...

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