Colorado Issues Bond Assessment
In January 2010, Colorado joined multiple state in borrowing money from the federal government in order to meet obligations to repay unemployment benefits. In order to resolve this debt and continuing insolvency of the Unemployment Insurance Fund, the state issued bonds with the authority provided un Colorado Revision Statutes (C.R.S.) 8-71-103. The bonds issued are payable solely through a bond assessment on each employer subject to experience rating.
Employers were issued notices dated September 3, 2013 and will be due by October 3, 2013. The Bond Interest Assessment Rate for 2013 is 0.001470 multiplied by the employers gross wages for the fourth quarter, 2012. For more information on Bond Interest Assessment, go towww.coloradooui.gov/premiums.
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