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Tag: Vermont Unemployment Trust Fund

Spotlight: pandemic, fraud caused $300 mil plunge in unemployment fund

Heading into 2020, Vermont had one of the most solvent unemployment insurance (UI) trust funds in the country. Indeed, Vermont’s unemployment rate was the lowest in the nation, and there were far more people paying into the fund drawing down from it. However, that all changed with the economic crisis caused by the COVID-19 pandemic. Now, policymakers are scrambling to determine how to get out of their current predicament.