South Dakotans To Pay Unemployment Surcharge

Tools

By Associated Press

Story Created: Jun 29, 2009 at 4:39 PM CDT

Story Updated: Jun 29, 2009 at 4:39 PM CDT

State Labor Secretary Pam Roberts says South Dakota businesses will pay $36 million in surcharges next year to replenish the trust fund that pays benefits to unemployed workers.

Roberts says the surcharge will apply to all employers, and will be on top of the regular $26 million in unemployment taxes and interest expected to be received next year.

The surcharge is needed because the unemployment trust fund will go broke late this year. That's because more than four times as many South Dakotans are getting unemployment benefits as a year ago.

<font color="#666666" size="1"><b>&copy; 2009 Associated Press. All rights reserved.</b> This material may not be published, broadcast, rewritten or redistributed.</font>

User Agreement

View comments

The following comments do not necessarily represent the views of KSFY.com. Users have agreed to these terms and in doing so accept full responsibility for their comments. Moderation is limited.

Add a comment

Name:

Comment: 1000 Characters Left

KSFY.com and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.

I have read and agree to the terms

Hide comments

YouNews

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

On Demand

Stock Quotes

AP Video