Vision Payroll

Iowa Workforce Development has announced that the 2011 unemployment rates will be based on Table 3; 2010 rates are based on Table 4. This move to higher rates is required to maintain the solvency of the Trust Fund used to provide unemployment benefits.

Director Elisabeth Buck Comments on the Increase

According to Director Elisabeth Buck, “Iowa Workforce Development is committed to maintaining the solvency of the Trust Fund while minimizing the effects felt by Iowa employers. The Department is continually working with Iowans receiving unemployment benefits to increase their skill sets and reduce barriers individuals may have for returning to work.”

Wage Base Will Also Increase in 2011

In addition, the taxable wage base for 2011 has been announced. The wage base will increase to $24,700, up from $24,500 for 2010. Consequently, many employers will see contributions to the fund increase based on both the higher rate and the higher wage base.

Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable Wage Base Page

Contact Vision Payroll with any questions on the Iowa unemployment insurance rates or wage base or visit our Unemployment Taxable Wage Base page.

Iowa Workforce Development has announced that the 2010 unemployment rates will be based on Table 4; 2009 rates are based on Table 6. This move to higher rates is required to maintain the solvency of the Trust Fund used to provide unemployment benefits.

According to Director Elisabeth Buck, “Iowa Workforce Development is committed to maintaining the solvency of the Trust Fund while minimizing the effects felt by Iowa employers. The Department is continually working with Iowans receiving unemployment benefits to increase their skill sets and reduce barriers individuals may have for returning to work.”

In addition, the taxable wage base for 2010 has been announced. The wage base will increase to $24,500, up from $23,700 for 2009. Consequently, many employers will see contributions to the fund increase based on both the higher rate and the higher wage base.

Contact Vision Payroll with any questions on the Iowa unemployment insurance rates or wage base.

Iowa Workforce Development, the state agency that oversees unemployment insurance announced unchanged rates for 2009. It will be the sixth consecutive year without an increase. Director Elisabeth Buck noted, “The State of Iowa has our commitment to carefully manage the trust fund in the coming year to continue this beneficial trend for Iowa businesses. Iowa has one of the lowest UI tax rates in the nation. Nearly half of our employers have a zero percent rate, and of the remaining employers, over 75% pay less than one percent.” Contact Vision Payroll with any questions on Iowa unemployment insurance rates.