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Social Security Act.pdf

COMPS-8764.pdf
Preview of Social Security Act
🔗 Source: govinfo.gov
📊 Size: 118 KB
📄 Pages: 6 pages
⬇️ Downloads: 55

Summary

Title XII of the Social Security Act administers advances to state unemployment funds, with the Department of Labor overseeing the process. The act allows states to request advances from the Federal unemployment account to pay compensation, repayable with interest. The Secretary of Labor determines the amount of the advance, and the Secretary of the Treasury transfers the funds. States must repay advances with interest, unless they meet certain funding goals or repay the advances before September 30 of the calendar year in which they were made. Interest rates are determined annually, and payment deadlines vary depending on the circumstances of the advance.

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Description

Title XII of the Social Security Act administers advances to state unemployment funds, with the Department of Labor overseeing the process.

Technical Information

  • File Format: PDF
  • File Size: 118 KB
  • Pages: 6
  • Language: EN
  • Total Downloads: 55
  • Last Updated: 1 week ago

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