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HD 5353

A report from the Department of Unemployment Assistance (under Section 14F of Chapter 151A of the General Laws) submitting the October Unemployment Insurance Trust Fund Annual Outlook Report containing updated projections for estimated contributions, benefit payments, and Unemployment Insurance Trust Fund balances for the five-year Outlook Period beginning January 1, 2025 and ending December 31, 2029

194th Legislature (2025-2026)

Summary of Massachusetts HD 5353: Unemployment Insurance Trust Fund Annual Outlook Report Bill OverviewThis bill is a report from the Massachusetts Department of Unemployment Assis

Placed on file
0
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Bill Summary · HD 5353

Summary of Massachusetts HD 5353: Unemployment Insurance Trust Fund Annual Outlook Report

Bill Overview

This bill is a report from the Massachusetts Department of Unemployment Assistance (DUA) that provides updated projections for the Unemployment Insurance (UI) Trust Fund over the 5-year period from 2025 to 2029. The report is required under Section 14F of Chapter 151A of the General Laws.

Key Provisions

The report includes the following projections for the UI Trust Fund:

  • Estimated Contributions: The amount of unemployment insurance contributions expected to be collected from employers and employees.
  • Estimated Benefit Payments: The amount of unemployment benefits expected to be paid out to eligible workers.
  • Estimated Trust Fund Balances: The projected balance in the UI Trust Fund at the end of each year in the 5-year outlook period.

The DUA is required to submit this annual report to provide transparency and allow for planning around the financial status and solvency of the state's UI system.

Potential Impact

This report is intended to help policymakers, employers, and the public understand the expected financial condition of the UI Trust Fund over the next 5 years. The projections can inform decisions about:

  • Whether adjustments to unemployment insurance tax rates or benefit levels may be needed to maintain the long-term solvency of the Trust Fund.
  • Planning for potential changes in UI program costs and revenues that could impact the state budget.
  • Assessing the ability of the UI system to weather potential economic downturns or periods of high unemployment.

By providing this data, the report aims to facilitate informed discussion and decision-making around the sustainability of Massachusetts' unemployment insurance program.

Procedural Details

  • The bill was introduced on November 24, 2025.
  • It has been placed on file, indicating the report has been received but no further legislative action is currently planned.
  • The report covers the 5-year outlook period from January 1, 2025 to December 31, 2029.
  • This is an annual reporting requirement, so a new version of the report will be submitted each year.

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

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