Ohio’s Unemployment Insurance Woes

Ohio’s Unemployment Insurance (UI) Trust Fund — funded by employers — has the fifth worst solvency rate in the nation, according to a newly revised report from the U.S. Department of Labor. It’s estimated the fund could pay for just four months of benefits during a recession. Even without a recession, the fund could be broke by 2025.

While Ohio’s UI system is paying out more than it takes in, a temporary freeze on benefits was allowed to expire on Jan. 1. 3/2/2020