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HD 4599

A monthly report of the Department of Unemployment Assistance (under Section 14F of Chapter 151A of the General Laws) relative to the Unemployment Insurance Trust Fund for February, 2025

194th Legislature (2025-2026)

Summary of HD 4599: Unemployment Insurance Trust Fund Report OverviewThis proposed bill would require the Massachusetts Department of Unemployment Assistance (DUA) to submit a mont

Placed on file
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Bill Summary · HD 4599

Summary of HD 4599: Unemployment Insurance Trust Fund Report

Overview

This proposed bill would require the Massachusetts Department of Unemployment Assistance (DUA) to submit a monthly report to the state legislature detailing the status and activities of the Unemployment Insurance Trust Fund. The report would provide an overview of the fund's financial health, claims activity, and other key performance indicators.

Key Provisions

  • Mandates the DUA to submit a monthly report on the Unemployment Insurance Trust Fund starting in February 2025.
  • The report must include the following information:
    • Current balance of the trust fund
    • Total unemployment insurance claims received and paid out during the month
    • Projections for future trust fund balance and claims activity
    • Analysis of any significant changes or trends in the fund's performance
  • The report must be submitted to the joint committee on labor and workforce development, as well as the house and senate committees on ways and means.
  • The DUA would be required to publish the monthly report on its public website.

Potential Impact

  • Increased transparency and legislative oversight over the management of the state's Unemployment Insurance Trust Fund.
  • Policymakers and the public would have access to timely, detailed data on the fund's financial status and claims activity.
  • The monthly reporting could help identify potential solvency issues or other challenges facing the unemployment insurance system earlier.
  • No direct budgetary or operational impacts on the DUA are specified in the bill.

Procedural Details

  • This bill was introduced in the Massachusetts House of Representatives on April 29, 2025.
  • It has been classified as a "proposed bill" and has been placed on file, meaning it has not yet been scheduled for a committee hearing or vote.
  • If enacted, the monthly reporting requirement would take effect starting in February 2025.

Compiled from official sources — confirm details with the bill’s official record.

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